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Wiley GAAP 2020
book

Wiley GAAP 2020

by Joanne M. Flood
February 2020
Intermediate to advanced content levelIntermediate to advanced
1456 pages
52h 54m
English
Wiley
Content preview from Wiley GAAP 2020

15ASC 280 SEGMENT REPORTING

PERSPECTIVE AND ISSUES

Subtopic

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 mandate application 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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Publisher Resources

ISBN: 9781119652625