BC6 Most of the academic research findings on segment reporting indicated that application of SFAS 131 resulted in more useful information than its predecessor, SFAS 14. According to the research, the management approach of SFAS 131:
(a) increased the number of reported segments and provided more information;
(b) enabled users to see an entity through the eyes of management;
(c) enabled an entity to provide timely segment information for external interim reporting with relatively low incremental cost;
(d) enhanced consistency with the management discussion and analysis or other annual report disclosures; and
(e) provided various measures of segment performance.