# ASC 280-10-10: Segment Reporting — Overall — 10 Objectives

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/280/10/#10-objectives)

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## ASC 280-10-10: 10 Objectives

[Read section](https://asc.understandingaccounting.org/asc/280/10/#10-objectives)

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##### [280-10-10-1](https://asc.understandingaccounting.org/asc/280/10/#280-10-10-1)

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The objective of requiring disclosures about segments of a [public entity](https://asc.understandingaccounting.org/glossary/p/#public-entity "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.") 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:

1.  a
    
    Better understand the public entity's performance
    
2.  b
    
    Better assess its prospects for future net cash flows
    
3.  c
    
    Make more informed judgments about the public entity as a whole.