Summary of Statement No. 18

Financial Reporting for Segments of a Business Enterprise: Interim Financial Statements—an amendment of FASB Statement No. 14 (Issued 11/77)

Summary

This Statement eliminates the requirement of FASB Statement No. 14, Financial Reporting for Segments of a Business Enterprise, to report segment information in financial statements for interim periods. However, if a company chooses to present interim period segment information, its financial statements must comply with Statement 14.