{"id":95938,"date":"2020-12-26T14:43:37","date_gmt":"2020-12-26T09:13:37","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=95938"},"modified":"2024-04-12T14:25:24","modified_gmt":"2024-04-12T08:55:24","slug":"identifying-reportable-segments-quantitative-thresholds","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/identifying-reportable-segments-quantitative-thresholds\/","title":{"rendered":"Identifying Reportable Segments (Quantitative Thresholds)"},"content":{"rendered":"\n<p>A business segment or geographical segment should be identified as a reportable segment if:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Its revenue from sales to external customers and from transactions with other segments is 10 per cent or more of the total revenue, external and internal, of all segments; or<\/li><li>Its segment result, whether profit or loss, is 10 per cent or more of &#8211;<ul><li>The combined result of all segments in profit, or<\/li><li>The combined result of all segments in loss, (iii) Whichever is greater in absolute amount; or<\/li><\/ul><\/li><li>Its segment assets are 10 per cent or more of the total assets of all segments.<\/li><\/ul>\n\n\n\n<p>A business segment or a geographical segment which is not a reportable segment as per above paragraph, may be designated as a reportable segment despite its size at the discretion of the management of the enterprise. If that segment is not designated as a reportable segment, it should be included as an unallocated reconciling item.<\/p>\n\n\n\n<p>If total external revenue attributable to reportable segments constitutes less than 75% of the total enterprise revenue, additional segments should be identified as reportable segments, even if they do not meet the 10% thresholds, until at least 75% of total enterprise revenue is included in reportable segments.<\/p>\n\n\n\n<p>A segment identified as a reportable segment in the immediately preceding period because it satisfied the relevant 10% thresholds should continue to be a reportable segment for the current period notwithstanding that its revenue, result, and assets all no longer meet the 10% thresholds.<\/p>\n\n\n\n<p>If a segment is identified as a reportable segment in the current period because it satisfies the pertinent 10% thresholds, preceding-period segment data that is presented for comparative purposes should, unless it is impracticable to do so, be restated to reflect the newly reportable segment as a separate segment, even if that segment did not satisfy the 10% thresholds in the preceding period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A business segment or geographical segment should be identified as a reportable segment if: Its revenue from sales to external customers and from transactions with other segments is 10 per cent or more of the total revenue, external and internal, of all segments; or Its segment result, whether profit or loss, is 10 per cent&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-95938","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Identifying Reportable Segments (Quantitative Thresholds) - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/identifying-reportable-segments-quantitative-thresholds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Identifying Reportable Segments (Quantitative Thresholds) - Tutorial\" \/>\n<meta property=\"og:description\" content=\"A business segment or geographical segment should be identified as a reportable segment if: Its revenue from sales to external customers and from transactions with other segments is 10 per cent or more of the total revenue, external and internal, of all segments; 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