line-of-business 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.

line-of-business reporting

References in periodicals archive ?
The firm's rapid growth in recent years and increasing attention to line-of-business reporting have been outpacing the ability of the existing time and billing accounting system, prompting a search for a new package.