Business segment reporting

Business segment reporting

Reporting the results of the separate divisions or subsidiaries of a business.

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.
References in periodicals archive ?
FASB Will Review Business Segment Reporting Concerns,"
Improving internal control over segment reporting: The principles of ASC Topic 280 pave the way toward meeting financial reporting objectives
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.
RPM's net income climbs 21% in fiscal 1st quarter. (Financial News)
In the short term, he says executives must deal with FASB Statement 131 on business segment reporting and must continue to find shareholder value, which he calls "the driver in all our businesses.
The baton, please
The International Accounting Standards Committee published revised standards on business segment reporting and presentation of financial statements.
IASC revises two standards
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