Segment Reporting Basics
Author: Kelen Camehl
| CPE Credit: |
1 hour for CPAs |
This course provides a general overview of the accounting and reporting requirements with respect to segment reporting. The accounting and reporting guidance related to segment reporting is prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 280. This course focuses on topics such as the identification of the chief operating decision maker (CODM), the determination of operating segments, and the determination of reportable segments. This course also provides information on disclosure requirements for both reportable segment and entity-wide.
This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.
Publication Date: August 2020
Topics Covered
- Overview of ASC 280
- Scope of ASC 280
- Operating Segment Determination
- Reportable Segments
- Illustrative Example
- Required Disclosures for Reportable Segments
- Entity Wide Disclosures
Learning Objectives
- Identify key characteristics of operating segments and the chief operating decision maker
- Identify the quantitative thresholds used for reportable segments
- Recognize disclosure requirements for reportable segments as well as entity-wide disclosures
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (1 hour)
Program Prerequisites
None
Advance Preparation
None
