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International Accounting
 

A Process-Based Approach to Segment Disclosures in Seasonal Industries

Vol. 21, Iss. 8, AUGUST 2018

PDF  Article PDF Version

Received: 4 May 2018

Received in revised form: 20 June 2018

Accepted: 29 June 2018

Available online: 15 August 2018

Subject Heading: FINANCIAL ACCOUNTING

JEL Classification: М41

Pages: 946–961

https://doi.org/10.24891/ia.21.8.946

Fedorova I.Yu. Reshetnev Siberian State University of Science and Technology, Krasnoyarsk, Russian Federation
innaktk@mail.ru

ORCID id: not available

Importance The article discusses issues of financial reporting by segment in seasonal industries in terms of a process-based approach. I also review opportunities for practical application of the proposed accounting system.
Objectives In this research, I modify the process-based approach to disclosure of segments in seasonal industries.
Methods I perform analysis, synthesis, systematization and generalization.
Results Analyzing contemporary approaches to segment financial reporting of seasonal entities, I modify the process-based approach to disclosures of segments and propose a reporting system for such disclosures. The article also presents a form of combined financial reporting on segments in line with seasonality and fits its into the overall corporate reporting system so as to facilitate its practical use.
Conclusions and Relevance It is necessary to make segment reporting of seasonal entities more informative, thus enabling users to understand the activity better. The proposed reporting system allows to disclose segments' operations in line with seasonality and process-based approach. The proposed approach becomes a solution when analysis provides unreliable results since it is based on generalized financials segregated by operational periods.

Keywords: reporting, segment, seasonality, business process

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