Wiley GAAP 2008

Definitions of Terms

Assets test	One of the three 10% tests; used to determine whether operating segments are separately reportable.
Chief operating decision maker (CODM)	The person(s) at the reporting entity level whose general function (not specific title) is to allocate resources to, and assess the performance of, the segments. Within a reporting entity, this authority does not necessarily need to be vested in a single individual; rather, the responsibilities can be fulfilled by a group of individuals.
Common costs	Operating expenses incurred by the reporting entity for the benefit of more than one segment.
Corporate assets	Assets maintained for general corporate purposes and not used in the operations of any segment.
Expenditures for segment assets	Additions to a segment's long‐lived assets; generally, property, plant, and equipment.
Financial report	Includes any aggregation of information that includes one or more complete sets of financial statements, such as an annual report to stockholders or a filing with the Securities and Exchange Commission.
Foreign operations	Operations located outside of the reporting entity's home country that generate either unaffiliated or intersegment revenues.
General corporate expenses	Expenses incurred for the benefit of the corporation as a whole, which cannot be reasonably allocated to any segment.
Geographic area	An individual country (domestic or foreign).
Intersegment sales	Transfers of products or services, similar to those sold to unaffili‐ated customers, ...