Overview
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Reportable Segment Quantitative Thresholds
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Segment Disclosures – General Information
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Accounting Principles and Allocation
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Restatement Disclosures – FASB Basis for Conclusions
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Competitive Harm Consideration
Course Description
Think segment reporting is just about disclosure?
Think again.
In this CPE webinar, 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.
This CPE course will be an overview of:
- The accounting and reporting requirements with respect to segment reporting.
- The accounting standards applicable to 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 webinar on Accounting also provides information on disclosure requirements as well as illustrative examples of segment disclosures for companies in different industries.
Learning Objectives
- To identify the key characteristics of operating segments.
- To recognize the characteristics of the entity’s chief operating decision-maker.
- To identify the quantitative thresholds used for reportable segments.
- To recognize the disclosure requirements for reportable segments as well as entity-wide disclosures.