{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/280/10/#10-objectives","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"280","topic_title":"Segment Reporting","subtopic":"280-10","subtopic_title":"Overall","section":{"number":"10","label":"10 Objectives","anchor":"10-objectives","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"280-10-10-1","para":"10-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_83DDF260-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The objective of requiring disclosures about segments of a <a href=\"/glossary/p/#public-entity\" class=\"term\" title=\"A business entity or a not-for-profit entity that meets any of the following conditions: It has issued debt or equity securities or is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). It is required to file financial statements with the Securities and Exchange Commission (SEC). It provides financial statements for the purpose of issuing any class of securities in a public market.\"><span>public entity</span></a> and related information is to provide information about the different types of business activities in which a public entity engages and the different economic environments in which it operates to help users of financial statements do all of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_83DDF3D9-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Better understand the public entity's performance </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_83DDF4E0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Better assess its prospects for future net cash flows </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_83DDF5A3-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Make more informed judgments about the public entity as a whole. </span></span></div></li></ol></div></div>","snippet":"The objective of requiring disclosures about segments of a public entity and related information is to provide information about the different types of business activities in which a public entity engages and the differe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a7faae7431dc30ec635b473fd995a8e53e8be197b3caf4634965c7a88596f1c","downloaded_from":"2026-09-09T23:22:39.910Z","last_downloaded_at":"2026-09-09T23:22:39.910Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482909","source_sha256":"8337c98462ac652e5d61e3ac847c62bb8fc6e58b53a3430e01629cb7a951709e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:60bfaba8c676b7629fd2fa65801e6023e12a77dc9f5ff94c5a687cf146af74fa","downloaded_from":"2026-09-09T23:22:39.910Z","last_downloaded_at":"2026-09-09T23:22:39.910Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482909","source_sha256":"8337c98462ac652e5d61e3ac847c62bb8fc6e58b53a3430e01629cb7a951709e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c68b3bd52065b78e29f7993fd73ef2c5bf1b3f791ae8bbe3cd2ad8e714c7ca9b","downloaded_from":"2026-09-09T23:22:39.910Z","last_downloaded_at":"2026-09-09T23:22:39.910Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482909","source_sha256":"8337c98462ac652e5d61e3ac847c62bb8fc6e58b53a3430e01629cb7a951709e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c68b3bd52065b78e29f7993fd73ef2c5bf1b3f791ae8bbe3cd2ad8e714c7ca9b","downloaded_from":"2026-09-09T23:22:39.910Z","last_downloaded_at":"2026-09-09T23:22:39.910Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482909","source_sha256":"8337c98462ac652e5d61e3ac847c62bb8fc6e58b53a3430e01629cb7a951709e"}}