Summary of Statement No. 18
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.