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Segment Reporting Basics

  • CPA (US)
  • CIA
  • CMA
  • CPA/ABV
  • IAP
  • Accountant/Bookkeeper/Tax Professionals
Segment Reporting Basics Ebook course

Free (Only Today)

1 Credit

Subject Area

Accounting
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Think segment reporting is just about disclosure?

Think again.

In this CPE E-Book, 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 CPE E-Book will be an overview of:

  • The accounting and reporting requirements with respect to segment reporting.
  • The accounting standards apply to the identification and disclosure of reportable segments (FASB in ASC topic 280).
  • The identification of the chief operating decision-maker (CODM)
  • The terminology relevant to segment reporting
  • The implementation issues related to reportable segments.


This CPE E-Book also provides information on disclosure requirements as well as illustrative examples of segment disclosures for companies in different industries.

Learning Objectives

  • To identify key characteristics of operating segments.
  • To analyze the key characteristics of the chief operating decision-maker.
  • To identify the quantitative thresholds used for reportable segments.
  • To analyze the accounting standards applicable to the identification and disclosure of reportable segments.
  • To explain the terminology relevant to segment reporting.
  • To recognize disclosure requirements for reportable segments as well as entity-wide disclosures.

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit for Certified Internal Auditors (CIA)
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CPD Credit for Accredited in Business Valuation (ABV)
  • 1 CPE Credit for Internal Audit Practitioner (IAP)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

Presenter

About Presenter

Kelen Camehl, CPA (US), MBA

Advisor, Kelen Camehl CPA

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ 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 has also remained involved in CPA exam content development for nearly 10 years and has 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 over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX.  Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment.  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.

About Company


Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

3.9

13 Ratings

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CC

Catherine Catherine.brown118@gmail.com, CPA (US)

May 27th, 2022

Good ebook

DB

Darren Buck, CPA (US)

Jun 30th, 2022

insightful