ABSTRACT
It is generally believed that data provided in the financial statements “directly affect the way in which conflicting interests are resolved” (Ijiri, 1967, P 67). This view, although popularly believed to be true, may not necessarily be the whole truth. It is also possible, that there is a flow of influence in the opposite direction — the pressure group theory, which believes that the development of financial reporting practice is affected by the conflicting interests of various user groups such as management, consumers, investors, creditors, regulatory bodies, and others (Aranya, 1979). Developments in geographical segmental disclosure can be seen in the light of these pressure groups.
