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Apr 1, 2024 · The ENEOS Group renamed two reporting segments to better reflect actual business conditions. Accordingly, "Petroleum Refining and Marketing" was renamed "Energy", while "Oil and Natural Gas Exploration and Production" remained the same in English (i.e., only the Japanese name was changed).
Nov 30, 2023 · Overview. The FASB issued ASU 2023-07 1 on November 27, 2023. The amendments “improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses.”
Nov 29, 2023 · The FASB issued a new accounting standard on November 27, 2023, which makes the biggest changes in 25 years to segment expense disclosure requirements for public companies. Six of seven FASB members approved the changes.
Dec 17, 2023 · The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, to require public entities to disclose incremental segment information on both an annual and interim basis.
Recent Updates. In November 2023, the FASB issued ASU 2023-07, which introduces improvements to the information that a public entity discloses about its reportable segments and addresses investor requests for more information about reportable segment expenses.
Dec 15, 2023 · Although the ASU increases disclosure requirements for segment expenses and single-segment companies, it does not change how companies identify or aggregate their operating segments, including how companies apply quantitative thresholds to determine their reporting segments.
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Nov 29, 2023 · The ASU addresses much of the concern that more segment information is needed, including allowing the disclosure of multiple measures of segment profit or loss, requiring the disclosure of significant segment expenses, and requiring the qualitative disclosure of other segment items.
