The Financial Accounting Foundation (FAF), the oversight organization of the Financial Accounting Standards Board (FASB), has been sponsoring important research studies to assess the effectiveness of FASB standards.
During 2012, the FAF conducted a post implementation review on FAS #131, Disclosures about Segments of an Enterprise and Related Information. The FAF issued a report summarizing input received from constituents, including IMA members about challenges with implementing the standard. The link below refers to the report that can be found in IMA's Library on Link Up IMA that is just accessible to members.
Nonmembers of IMA that are reading this posting should consider obtaining membership with IMA for regular access to information that impacts the management accounting profession. Information about membership can be found on IMA's website at www.imanet.org