新分部报告外文翻译.docVIP

外文文献翻译 原文： NEW SEGMENT REPORTING The Financial Accounting Standards Board (FASB) and The Canadian Institute of Chartered Accountants simultaneously issued identical new standards on segment disclosures in June 1997. In July 1997, the International Accounting Standards Committee (IASC) issued new rules on segment reporting. The FASBs SFAS No. 131, Disclosure About Segments of an Enterprise and Related Information, contains four substantial changes from its predecessor SFAS No. 14. The IASCs International Accounting Standard No. 14, Revised (IAS No. 14R), Reporting Financial Information by Segment, represents a tightening down of the original IAS No. 14. SFAS No. 131 and IAS No. 14R are significantly different. The Specifics of SFAS No.131 Definition of Segments. There are four substantial differences between SFAS No. 14 and SFAS No. 131, but the major change in SFAS No. 131 from its predecessor is clearly how segments are defined. Under SFAS No. 14, segments were defined by industry grouping of products and services sold to external customers. Under SFAS No. 131, segments are defined from a management approach perspective--how management organizes segments within the enterprise for making decisions and assessing performance. Consequently, segments are evident from the structure of the enterprises internal organization. The internal organization is based on divisions, departments, subsidiaries, and other internal units the chief operating decision maker uses to make operating decisions and to assess an enterprises performance. Referring to a hierarchical organizational chart should provide guidance in identifying the operating segments. An enterprise component qualifies as an operating segment if： it engages in business activities that may or may not earn revenues or incur expenses. its operating results are regularly reviewed by the enterprises chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance.