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.
Learning Objectives
Upon completion of this course, you will be able to:
Identify key characteristics of operating segments and the chief operating decision maker;
Identify the quantitative thresholds used for reportable segments; and
Recognize disclosure requirements for reportable segments as well as entity-wide disclosures.
Major Topics
Overview of ASC 280
Scope of ASC 280
Operating Segment Determination
Reportable Segments
Required Disclosures for Reportable Segments
Entity Wide Disclosures
