This assignment delves into the concept of segmental reporting and disclosure. It examines how businesses are categorized into segments based on factors like product lines, geography, or clientele, emphasizing the importance of transparency for investors and stakeholders. The assignment analyzes relevant accounting standards (AASB 8 and IFRS 8) and explores the management's role in providing comprehensive information about segment performance. Furthermore, it uses Highlands Pacific Limited's 2016 annual report as a case study to illustrate how companies apply these principles in practice.