Segment reporting facilitates the financial statement

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Segment reporting facilitates the financial statement analysis of diversified  companies. Companies engaged in more than one significant business are required to  provide supplemental information concerning individual operating  segments. Disaggregated data do not include complete financial statements for  each reportable segment, only certain specified items
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A reportable operating segment is a component of the enterprise That engages in business activities from which it may earn revenues  and incur expenses Whose operating results are regularly reviewed by the enterprise’s  chief operating decision maker to make decisions about resources to  be allocated to the segment and assess its performance For which discrete financial information is available “Management Approach” used to identify reporting segments Amounts reported by an operating segment General information about the operating segment Segment profit or loss, segment assets, and the basis of  measurement Reconciliations of the totals of segment revenues, reported profit or  loss, assets, and other significant items Interim period information Reporting by Geographic Area GAAP requires an enterprise to report certain geographic  information unless it is impracticable to do so.
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  • Spring '12
  • SneedJ
  • Balance Sheet, Generally Accepted Accounting Principles, noncurrent

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