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Course Level :Basic
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Credits :1
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Pre-requisites :None
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Advance Preparation :None
Think segment reporting is just about disclosure?
Think again.
In this CPE webinar on Accounting, we go back to the basics to discuss the broader impact it can have on your financial statements.
Segment reporting is the reporting of the operating segments of a company in the disclosures accompanying its financial statements.
In financial reporting, a segment is a part of the business that has separate financial information and a separate management strategy. Segments may be geographic, line of business, or departmental. Public companies are required to report by segment in the notes of financial statements.
The Financial Accounting Standards Board (FASB) sets the accounting standards for business segment reporting. FASB Accounting Standards Codification (ASC) 280-10-10-1 requires that all segments of a company's business align with the company's reporting structure. A company does not need to report all of its business segments, however.
According to U.S. Generally Accepted Accounting Principles (GAAP), public companies must report a segment if it accounts for 10% of total revenues, 10% of total profits, or 10% of total assets. International standards differ somewhat.
This Accounting CPE course will be an overview of:
In this CPE webinar, learned author Kelen Camehl, also provides information on disclosure requirements as well as illustrative examples of segment disclosures for companies in different industries.
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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Advisor, HP
Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".
Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
41 Ratings
JM
Dec 13th, 2023
Useful information to know when dealing with companies that require breakdown by segment for management to make decisions. Good overview!
JW
Mar 24th, 2024
very easy to follow
KW
Dec 13th, 2023
good
