Skip to Content

Zero Balance Segment Reporting

Hi,

How to achieve zero balance segment reporting and then how it achieves the objectives of management? What is the role of segment then?

Thanks

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

2 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jul 26, 2012 at 08:17 AM

    let us assume you have your balance sheets drawn out of 2 segments (A,B) Lets take a normal JE, Dr XXX1 Acct segment A Cr XXX2 Acct Segment A Your balance sheets will be balanced wherever these accounts fall, meaning you will ve a corresponding debit and credit entries seen in your balance sheet accounting for the activity for a segment. Now assume a scenario, where you have a JE, Dr XXX1 Acct segment A Cr XXX2 Acct Segment B In this scenario, your segment A balance sheet will show a Debit of X amount with no corresponding Credit entry and vice versa on Segment B. To balance such activities, is the purpose of a zero balance account and the line items.

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Jul 26, 2012 at 07:34 AM

    Hi,

    Also please clarify that what should be nature of Zero Balance Account i.e. if it will be recon account and what will be its sort key.

    Thanks..

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.