4.5 Reconciliations
ASC 280-10
50-30 A public entity shall
provide reconciliations of all of the following (see Example
3, Case C [paragraphs 280-10-55-49 through 55-50]):
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The total of the reportable segments’ revenues to the public entity’s consolidated revenues.
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The total of the reportable segments’ measures of profit or loss to the public entity’s consolidated income before income taxes and discontinued operations. However, if a public entity allocates items such as income taxes to segments, the public entity may choose to reconcile the total of the segments’ measures of profit or loss to consolidated income after those items.
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The total of the reportable segments’ assets to the public entity’s consolidated assets.
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The total of the reportable segments’ amounts for every other significant item of information disclosed to the corresponding consolidated amount. For example, a public entity may choose to disclose liabilities for its reportable segments, in which case the public entity would reconcile the total of reportable segments’ liabilities for each segment to the public entity’s consolidated liabilities if the segment liabilities are significant.
50-31 All significant reconciling items shall be separately identified and described. For example, the amount of
each significant adjustment to reconcile accounting methods used in determining segment profit or loss to the
public entity’s consolidated amounts shall be separately identified and described.
Reconciliations for income statement amounts should be performed for each period
presented. However, as noted in ASC 280-10-50-20, “reconciliations of balance sheet
amounts for reportable segments to consolidated balance sheet amounts are required
only for each year for which a balance sheet is presented.”