- Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Operating Segments
- Reportable Segments
- Measurement Issues
- Segment Disclosures
- Entity-Wide Disclosures
- Restatement of Previously Reported Segment Information
- Other Sources
Perspective and Issues
ASC 280, Segment Reporting, has one subtopic:
- ASC 280-10, Overall, that provides guidance to public business entities on how to report certain information about:
- Operating segments in complete sets of financial statements and in
- Condensed financial statements of interim periods issued to shareholders.
ASC 280 also requires public entities to disclose certain information about:
- Their products and services,
- The geographic areas in which they operate, and
- Their major customers.
Scope and Scope Exceptions
ASC 280 applies to public entities. The statement does not mandatorily apply to not-for-profit organizations or to nonpublic entities—which are, nevertheless, encouraged to voluntarily provide the segment disclosures prescribed by ASC 280. It also does not apply to “parent entities, subsidiaries, joint ...