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On the Radar

Segment Reporting

November 2021
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On the Radar
Segment Reporting

ASC 280-10-10-1 states that the objective of segment reporting “is to provide information about the different types of business activities in which a public entity engages and the different economic environments in which it operates to help users of financial statements do all of the following:
  1. Better understand the public entity’s performance
  2. Better assess its prospects for future net cash flows
  3. Make more informed judgments about the public entity as a whole.”