Disaggregated financial data

Chapter 14 - Reporting for segments and for interim financial periods. We’ve spent most of the semester trying to combine two or more entities’ statements into a single accounting entity. Now we’re going to do just the opposite – take a single entity and break it into segments for reporting purposes. This chapter also covers the most recent rulings for interim financial reporting.

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The Global Findex data show sharp disparities in the use of financial services between high-income and developing economies and across individual character- istics. The share of adults in high-income economies with an account at a formal financial institution is more than twice that in developing economies. And around the world, men and more educated, wealthier, and older adults make greater use of formal financial services. Novel cross-country data on self-reported reasons for not having a formal ac- count make it possible to identify barriers to financial inclusion.

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Third, information is better if it is more highly disaggregated (more detailed). For example, data on wastes produced by individual processes or product lines is better than data on wastes created by an entire factory. For instance, accounting that assigns a wide variety of costs to overhead is problematic because of a lack of disaggregation. Disaggregation is necessary to incremental financial analysis -- i.e., the evaluation of investment or production opportunities based on their incremental costs and incremental contributions to revenue.

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