Transition from as 17 to Ind as 108: An empirical study on segment reporting

In a globalized economy, India has converged their accounting standards with IFRS to facilate cross-border comparisons and in Indian context the converged accounting standards are named as Ind AS. This study investigates whether the convergence with IFRS has any effect on company's segment disclosure. In particular, it is investigated what are the impact on companies’ number of reportable segments and basis of segmentation for adopting Ind AS 108. Upon implementing converged accounting standards, the majority of companies remained their reportable segments as they were under AS 17. The empirical analysis conducted on 38 Indian listed companies reveals that there was a marginal increase in the number of reportable segments and marginal changes in the basis of segmentation. In summary, the overall findings indicated that the impact of IFRS converged accounting standard on segment reporting is not substantial.