A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
This chapter provides clear explanations and practical examples for real‐world application of ASC 280, Segment Reporting. It includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while in‐depth discussion on the issues surrounding specific pronouncements offers informative perspective for a variety of scenarios. ASC 280 applies to public entities. The statement does not mandate application to not‐forprofit organizations or to nonpublic entities—which are, nevertheless, encouraged to voluntarily provide the segment disclosures prescribed by ASC 280. The Codification does not limit segment reporting to purely financial information. It also requires a description of the company's rationale or methods employed in determining the composition of the segments. ASC 280 provides a methodology to identify the operating segments that are separately reportable and requires that each reportable segment disclose, among other items, its profit or loss, certain specific revenues and expenses, and its assets.
This chapter provides clear explanations and practical examples for real‐world application of ASC 280, Segment Reporting. It includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while in‐depth discussion on the issues surrounding specific pronouncements offers informative perspective for a variety of scenarios. ASC 280 applies to public entities. The statement does not mandate application to not‐forprofit organizations or to nonpublic entities—which are, nevertheless, encouraged to voluntarily provide the segment disclosures prescribed by ASC 280. The Codification does not limit segment reporting to purely financial information. It also requires a description of the company's rationale or methods employed in determining the composition of the segments. ASC 280 provides a methodology to identify the operating segments that are separately reportable and requires that each reportable segment disclose, among other items, its profit or loss, certain specific revenues and expenses, and its assets.
ASC 280 Segment Reporting
Flood, Joanne M (author)
Wiley <fc>GAAP</fc> 2019 ; 181-190
2019-03-19
10 pages
Article/Chapter (Book)
Electronic Resource
English
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