Segment Reporting Comparison: Honbridge Holdings Ltd and Credit Corp Group Limited

Many organization have diversified on products and services offered and thus exposing them to different market forces for each service and product. The requirements for every product and service are different as well as their profit/loss-making. Consequently, businesses operate in a variety of geographic locations with various business cycles and demographics. The frameworks for management reporting are also different among companies, and the identification of the various operating segments on a firm largely depends on the managementís methodologies of reviewing company performance and decision making. This paper will provide a comparison of segment reporting for two different companies, one from Hong Kong (Honbridge Holdings Ltd) and the other from Australia (Credit Corp Group Limited). †

Segment Reporting

Segment reporting is the recording of a firmís segments of operation or operating units in the financial statements. It is mainly of importance to public companies, but no...