FASB Issues ASU on Segment Disclosures
November 27, 2023
The FASB has issued Accounting Standards Update (ASU) No. 2023-07, Improvements to
Reportable Segment Disclosures. The ASU is aimed at
enhancing the disclosures public entities provide regarding significant segment
expenses so that investors can “better understand an entity’s overall performance”
and assess “potential future cash flows.” The ASU applies to all public entities
that are required to report segment information in accordance with ASC 280.
For more information, see the press release on the FASB’s Web site.