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Podcast overview
KPMG Department of Professional Practice partners Valerie Boissou and Tim Phelps join host John Barbagallo to discuss recently amended guidance on segment reporting (ASU 2023-07) and related hot topics from the 2023 AICPA & CIMA Conference.
Applicability
- Required for public business entities.
Relevant dates
- Fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024.
- Early adoption is permitted.
Podcast contents
- 00:25 – Introduction
- 00:55 – Overview of ASU 2023-07
- 03:55 – Significant segment expenses
- 06:15 – Multiple measures of segment profit or loss
- 08:10 – Single reportable segment entities
- 09:30 – Effective date and transition
- 10:35 – Closing
Explore more
Resource
FASB issues ASU requiring new segment disclosures
The ASU enhances current segment disclosures and requires additional disclosures of significant segment expenses.
Resource
Handbook: Segment reporting
Latest edition: Our comprehensive guide to ASC 280 – with analysis, Q&As and examples.
Meet our team
John Barbagallo
Managing Director, Dept. of Professional Practice, KPMG US
Valerie Boissou
Partner, Dept. of Professional Practice, and US-France Corridor Leader, KPMG LLP
Tim Phelps
Partner, Dept. of Professional Practice, KPMG US
John Barbagallo
Managing Director, Dept. of Professional Practice, KPMG US
Valerie Boissou
Partner, Dept. of Professional Practice, and US-France Corridor Leader, KPMG LLP
Tim Phelps
Partner, Dept. of Professional Practice, KPMG US
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