Segments: Back to the basics with 5 things you need to know

Think segment reporting is just about disclosure? Think again. In this episode we go back to the basics to discuss the broader impact it can have on your financial statements. Matt Sabatini joins Heather Horn to help navigate the guidance and answer our questions, including:1:00 - Scope/overview of the model and why companies should care. Matt provides a brief background and takes us through the segment reporting model.3:00 - Operating segments. The first step to segment reporting is to identify your operating segments. Matt explains how to identify an operating segment and the role of the chief operating decision maker.12:12 - Aggregation and reportable segments. Not all operating segments need to be reported separately. Matt provides an overview of the aggregation criteria and how to determine your reportable segments.  19:42 - Disclosures. Matt provides an overview of the required disclosures for reportable segments. Spoiler alert― there’s a lot of them.24:27 - Other considerations. Matt explains how the identification of segments impacts more than just disclosures and shares other insights.About our guestMatt Sabatini is a partner in PwC's National Office, where he helps clients and engagement teams navigate the accounting and financial reporting for complex transactions. He specializes in mergers, acquisitions, corporate reorganizations, recapitalizations, joint ventures and other investments. He is a frequent presenter at conferences and on webcasts on these topics.About our hostHeather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].