Handbooks | March 2020

Handbook: Segment reporting

Latest edition: 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)

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

Related content

Webcast: Segment reporting under ASC 280


Spotlight on contributors

Jon Baker

Jon Baker

Partner, Dept. of Professional Practice, KPMG US

Regina Croucher

Regina Croucher

Partner, Dept. of Professional Practice, KPMG US

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