16ASC 280 Segment Reporting

  1. Perspective and Issues
    1. Subtopic
    2. Scope and Scope Exceptions
    3. Overview
      1. Benefits
      2. Management Approach
    4. Practice Alert
  2. Definitions of Terms
  3. Concepts, Rules, and Examples
    1. Operating Segments
    2. Reportable Segments
      1. Revenue Test
      2. Profit and Loss Test
      3. Assets Test
      4. Comparability
      5. 75% Test
      6. Example of Segment Testing
      7. Aggregating Segments
    3. Measurement Issues
      1. Transfer Pricing
      2. Common Costs
      3. General Corporate Expense
      4. Corporate Assets
    4. Segment Disclosures
    5. Entity-Wide Disclosures
      1. Products and services
      2. Geographic Areas
      3. Major Customers
    6. Restatement of Previously Reported Segment Information
      1. Comprehensive Illustration
    7. 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 ...

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