segment reporting

Line-of-Business Reporting

A convention some companies use in their financial statements in which they report information by sector. For example, a single publicly-traded company that engages in agriculture, mining, and manufacturing may report revenue, sales, and profits/losses for each field individually. This allows a company to show its investors what parts of the company are performing better relative to the others. It also prevents one sector that is overperforming or underperforming from unduly influencing a financial statement.

segment reporting

A type of financial reporting in which the firm discloses information by identifiable industry segments. For example, Union Pacific Corporation reports revenues, income, assets, depreciation, and capital expenditures for each of four segments: transportation, oil and gas, mining, and land. Segment reporting is required by the SEC in an attempt to provide stockholders and the public with better financial data. Also called line-of-business reporting. See also industry segment.
References in periodicals archive ?
As a service for analysts, institutional investors and journalists, the Group informs in advance on modifications of its format for segment reporting by regions.
The Financial Accounting Standards Board (FASB) will review the issues raised by the Post-Implementation Review of its business segment reporting standard with its stakeholders and the staff of the U.
14 /PRNewswire-FirstCall/ -- International Paper today announced that it has updated the historical financial statements included in its 2006 annual report to reflect first-quarter 2007 changes in segment reporting and the adoption of the direct method of accounting for planned major maintenance expenses.
Financial analysts, merger and acquisition managers, and others researching the strengths and weaknesses of competitors should be interested in understanding the required segment reporting disclosures under Statement of Financial Accounting Standards (SFAS) No.
Some of the short-term standards include: income taxes, borrowing costs, joint ventures, R & D and segment reporting.
6 million in revenues during the previous fiscal year, with the Fuel Cell Systems segment reporting "record" revenues of $16.
RPM experienced balanced growth between its two operating segments, with the industrial business segment reporting an increase of one percent over last year's first quarter results, and the consumer business segment reporting an increase of more than two percent over the same period last year, according to the company.
For many years, analysts and other users of external financial reports have expressed concern about the form and usefulness of the segment reporting companies include in these statements.
announced today that it will hold a conference call to review segment reporting enhancements.
131, the segment reporting document for public companies, has been in the literature for three-plus years, Munter notes.
Since the new accounting method (IFRIC 15) does not reflect the way that the Senior Executive Team and the Board of Directors monitor operations, a new segment reporting method will be presented, in which recognition of capital gains is based on the date when a binding sales contract is signed.
NEW YORK, April 17 /PRNewswire/ -- American Express Company today filed a Form 8-K with the Securities Exchange Commission noting that, as previously reported, it will modify its business unit segment reporting to reflect organizational changes made in last year's third quarter.

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