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An immaterial segment is never disclosed despite the 75% rule.
Immaterial Segment
A segment or division of a business that does not have a significant impact on the company's financial statements due to its relatively small size or contribution.
75% Rule
A regulatory or policy guideline stipulating that a certain action, benefit, or permission applies only if a specified 75% threshold is met or exceeded.
Disclosed
Made known or revealed, often in reference to information that was previously confidential or not publicly available.
- Become versed in the disclosure requisites for segment reporting as per the current accounting guidelines.
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Learning Objectives
- Become versed in the disclosure requisites for segment reporting as per the current accounting guidelines.
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