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 ?
NORDIC BUSINESS REPORT-December 15, 2017-Lassila & Tikanoja announces changes in segment reporting from 1 January 2018
M2 EQUITYBITES-December 15, 2017-Lassila & Tikanoja announces changes in segment reporting from 1 January 2018
It is worth noting that in its annual report for 2015, the company acknowledged a material weakness in its internal controls over segment reporting in prior years, which contributed to faulty segment reporting--from 2012 to the first quarter of 2014, PowerSecure disclosed one reportable segment, when it should have identified and reported multiple segments.
The new segment reporting format will be used for the presentation of Origins interim financial results for the half year ended 31 December 2015.
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.
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.
In July 1997, the International Accounting Standards Committee (IASC) issued new rules on segment reporting.
NORDIC BUSINESS REPORT-November 24, 2017-Atria changes organisation structure and segment reporting
M2 EQUITYBITES-November 24, 2017-Atria changes organisation structure and segment reporting

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