Segment Reporting Essentials - A Practical Guide to ASC 280 (Course Id 2536)

• Who is this course for?
  This course is intended for anyone needing Continuing Professional Education (CPE), including CPAs, accountants, and other financial professionals.

• What is this course about or what problem does this course solve?
  The course provides a practical guide to understanding and applying the segment reporting requirements outlined in ASC Topic 280, including identifying operating segments, the chief operating decision maker, and disclosure obligations.

• How can the knowledge from this course be used?
  Learners can use the knowledge to accurately identify and report business segments in compliance with ASC 280, ensuring correct and complete financial disclosures.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  Segment reporting is a critical component of financial reporting; understanding ASC 280 is essential for CPAs and accountants to fulfill technical accounting and disclosure responsibilities effectively.

• When is this course relevant or timely?
  The course is especially relevant upon its release in 2025 and remains timely for professionals needing current knowledge on ASC 280 for accurate segment reporting.

• How is a course like this consumed or used?
  This is a self-paced, text-based online course that includes reading material, review questions, and a final exam, completed for 1.0 CPE credit upon achieving a passing score of 70%.

This course provides an overview of the accounting and reporting requirements with respect to segment reporting as prescribed by ASC Topic 280.  This course focuses on topics such as the identification of the chief operating decision maker (CODM), the determination of operating segments, and the determination of reportable segments. This course also provides information on specific segment reporting disclosure requirements. 

NASBA QAS - Text - NASBA Registry - 2536

Course Learning Objectives

• Identify key characteristics of operating segments
• Recognize characteristics of the entity’s chief operating decision maker
• Identify the quantitative thresholds used for reportable segments
• Recognize disclosure requirements for reportable segments

Chapter 1 - Segment Reporting Essentials - A Practical Guide to ASC 280

Course Learning Objectives

Course Overview

Introduction

Overview of ASC 280

Scope of ASC 280

Operating Segment Determination

Review Questions

Reportable Segments

Illustrative Example

Required Disclosures for Reportable Segments

Entity Wide Disclosures

Conclusion

Review Questions

Glossary of Key Terms

Index