Debdas Rakshit

Economic Value Added Based Segmental Reporting: Eva Based Segmental Reporting : a Case Study Debdas Rakshit

The last two decades have witnessed a tremendous increase in business operations around the globe. The rapid growth of international trade and internationalization of firms, the development of new communication technologies, and emergence of international competitive forces are affecting the financial environment to a great extent. Globalization on the one hand and the tremendous development and sophistication in information and communication technology on the other hand have contributed significantly towards evolution of an integrated global financial reporting practice which has created a new challenge to the providers of corporate financial accounting information and reporting system of the different countries of the world. In order to succeed in global competitive markets, management of change is an accepted survival strategy. Identifying reliable as well as comparable accounting and financial information needed by the users of the published financial statements particularly those who make investment decisions is of utmost importance.