Handbooks | October 2019

Handbook: Segment reporting

Filed under: Presentation, IFRS

KPMG’s updated guidance on and interpretation of ASC 280, segment reporting – with analysis, Q&As and examples. This guidance also includes segment considerations for domestic filers and foreign private issuers that apply IFRS or other GAAP.


ASC Topic 280

  • Public entities (as defined by ASC 280-10-20)

Relevant dates

Effective immediately

Key impacts

  • Provides interpretive guidance on ASC 280, including illustrative examples and Q&As
  • Addresses specific segment reporting issues 
  • Includes segment considerations for both domestic filers and foreign private issuers applying IFRS or other GAAP
  • Discusses the interaction between ASC 280 and other FASB Codification Topics

Report contents

  • Scope
  • Identify the CODM
  • Identify and aggregate operating segments
  • Determine reportable segments
  • Segment disclosure requirements
  • Restatement of previously reported information
  • Entity-wide information
  • SEC filings: US companies
  • SEC filings: non-US companies (FPIs)
  • Interaction with other Topics

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Spotlight on contributors

Regina Croucher

Regina Croucher

Partner, Audit, DPP, KPMG US

+1 816-802-5840
Teddy Fabry

Teddy Fabry

Senior Manager, DPP, KPMG US

+1 212-954-6456

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