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 ?
According to Aspo, it has changed its segment reporting so that Kauko is reported as part of the Telko segment, starting from 1 January 2019.
The group's revenue grew by 18 percent to QR719 million during the quarter, with the insurance segment reporting the highest increase.
The company estimates Lloyd's Syndicates segment reporting a net loss in a range of between $9M to $10.5M, stating: "We forecast losses of approximately $3.2 million during our third quarter conference call; however, we recently received loss estimates in connection with Hurricane Michael.
These performance measures are in accordance with GAAP guidance for segment reporting, but they should not be viewed as a substitute for income (loss) before income tax or net income (loss).
In the new structure, these businesses are presented as separate reportable segments and corporate support functions have been moved to non-allocated items outside segment reporting and are reported in item Other.
7,2016, the SEC instituted and settled a cease-and-desist order against PowerSecure International Inc., alleging it failed to identify and report its segments as required by FASB Accounting Standards Codification (ASC) Topic 280, Segment Reporting. PowerSecure agreed to pay a $470,000 fine to settle the SEC's claims.
Townsquare explained how income is divided: "Segment Reporting We have two reportable operating segments, which are Local Advertising and Live Events, and report the remainder of our business in an Other Media and Entertainment category.
With the new organization coming into effect on January 1 2015 Rieter will also be adjusting the segment reporting.
With the new organization coming into effect on January 1, 2015, Rieter will also be adjusting the segment reporting.
* Outsiders relying too heavily on financial data from the relatively few publicly held outsourcing companies; and on analysts' assertions about the growth and profitability of very specific business activities, should try harder to understand the utility and the limitations of segment reporting.
Definition of segment as basis for financial segment reporting
He was responsible for leading FASB during some of its most difficult challenges dealing with income taxes, earnings per share, comprehensive income, segment reporting, stock compensation and early securitizations pronouncements.

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