Important disclosure considerations
All public technology companies should be aware of the new disclosure requirements regarding segment reporting for the December 31, 2024 financial statements. The Financial Accounting Standards Board (FASB) amended, in November 2023, the US generally accepted accounting principles (GAAP) requirements for disclosing segment information, known as Topic 280, through Accounting Standards Update (ASU) 2023-07.
This publication is intended to be a reminder as you prepare the required disclosures. In this publication, we cover:
In this paper, "Segment reporting highlights for technology companies," key considerations are outlined for technology companies as they finalize their segment reporting disclosures.
Segment reporting highlights for technology companies
Steps technology companies need to take on segment reporting.
Download PDFSEC’s Corp Fin explains its priorities and concerns
Questions about the new FASB segment reporting standard highlighted at the 2023 AICPA & CIMA Conference.
FASB issues ASU requiring new segment disclosures
The ASU enhances current segment disclosures and requires additional disclosures of significant segment expenses.