ASC 260 — Earnings Per Share ASC 270 — Interim Reporting ASC 272 — Limited Liability Entities ASC 274 — Personal Financial Statements ASC 275 — Risks and Uncertainties ASC 280 — Segment Reporting Financial statement line item 3.Assets ASC 305 — Cash and Cash Equivalents ASC 310 — Receiv...
ASC Topic 215 Statement of Shareholder Equity ASC专题215“所有者权益变动表”ASC Topic 220 Income Statement - Reporting Comprehensive Income ASC专题220“利润表—报告全面收益”ASC Topic 225 Income Statement ASC专题225“利润表”ASC Topic 230 Statement of Cash Flows ASC专题230“现金流量表”ASC Topic 23...
ASC Topic 210 Balance Sheet ASC专题210“资产负债表” ASC Topic 215 Statement of Shareholder Equity ASC专题215“所有者权益变动表” ASC Topic 220 Income Statement - Reporting Comprehensive Income ASC专题220“利润表—报告全面收益” ASC Topic 225 Income Statement ASC专题225“利润表” ASC Topic 230 St...
This chapter provides definition for the terms such as asset group, component of an entity, comprehensive income, net income, operating segment, reporting unit, migration, liquidation and fair value. A full set of financial statements consists of (1) financial position at the end of the period,...
Futureperiods41 Exampleofdiscontinuedoperationsina futureperiod41 Exampleofdiscontinuedoperations reporting42 ASC205-30,LiquidationBasisof Accounting42 Measurement43 Financialstatements43 Disclosures43 PERSPECTIVEANDISSUES Subtopics ASC205,PresentationofFinancialStatements,isdividedintotwosubtopics: •ASC205-10,Overall...
This chapter provides clear explanations and practical examples for real﹚orld application of ASC 280, Segment Reporting. It includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while inヾepth discussion on the issues surrounding ...
ASC 280 also provides a methodology to identify the operating segments that are separately reportable (referred to as "reportable segments") and requires that each reportable segment disclose, among other items. They include its profit or loss, certain specific revenues and expenses, and its assets...
Management Approachvalue relevancestewardshipAccounting standard setters require firms to report segment performance based on how management evaluates segments when making internal resource allocation deciDurney, Michael T.Gee, Kurt H.Wiebe, ZacSocial Science Electronic Publishing...
segment reportingstockholder memberASC 280 applies to public entities. The statement does not mandate application to not-for-profit organizations or to nonpublic entities, which are, encouraged to voluntarily provide the segment disclosures prescribed by ASC 280. The primary benefit of segment reporting ...
The primary benefit of segment reporting is the release of "hidden data" from consolidated financial information. Different segments may possess different levels of profitability, risk, and growth. Assessing future cash flows and their associated risks can be aided by segment data. For example, ...