-
Course Level :Basic
-
Credits :1
-
Pre-requisites :None
-
Advance Preparation :None
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:
This CPE E-Book also provides information on
disclosure requirements as well as illustrative examples of segment disclosures
for companies in different industries.
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.
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.
13 Ratings
CC
May 27th, 2022
Good ebook
DB
Jun 30th, 2022
insightful