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.

Applicability

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