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Segment reporting definition

Accounting Tools

Related Courses Public Company Accounting and Finance Segment Reporting Essentials What is Segment Reporting? Segment reporting is the reporting of the operating segments of a company in the disclosures accompanying its financial statements. Related Articles Segment Margin

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Budgetary planning definition

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Budgetary planning is the process of constructing a budget and then utilizing it to control the operations of a business. As budget segments are returned by managers, the segments are aggregated into a master budget model, which is then reviewed by senior management. The first step in budgetary planning is to construct a budget.

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Segment margin definition

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Segment Margin? Segment margin is the amount of net profit or net loss generated by a portion of a business.

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IFRS definition

Accounting Tools

Related Articles Applicable Financial Reporting Framework International Accounting Standards Other Comprehensive Basis of Accounting The Differences Between GAAP and IFRS In addition, IFRS focuses more on general principles than GAAP, which makes the IFRS body of work much smaller, cleaner, and easier to understand than GAAP.

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Management's discussion and analysis definition

Accounting Tools

The MD&A contains management’s viewpoints regarding company operations and the direction in which it is headed. Related Articles Form 10-Q Segment Reporting A business does not want to reveal too much about itself through the MD&A, since its competitors may be reading this document. Not necessarily accurate.

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Key management personnel definition

Accounting Tools

This designation typically includes the following positions: Board of directors Chief executive officer, chief operating officer, and chief financial officer Vice presidents Related Articles Segment Reporting

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Performance measurement definition

Accounting Tools

Responsibility Center Reporting Another form of performance measurement is the use of revenue centers, profit centers, and cost centers to report the results of business segments. Related Articles Accounting Ratios Activity Ratios Efficiency Ratios Operating Performance Ratios