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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
Valerie Boissou
Partner, Dept. of Professional Practice, and US-France Corridor Leader, KPMG US
Tim Phelps
Partner, Dept. of Professional Practice, KPMG US
Valerie Boissou
Partner, Dept. of Professional Practice, and US-France Corridor Leader, KPMG US
Tim Phelps
Partner, Dept. of Professional Practice, KPMG US