FASB Seeks Public Company Input on Segment Reporting

On June 25, the Financial Accounting Standards Board (FASB) announced that it is seeking public company volunteers to participate in a study that focuses on potential improvements to segment disclosure requirements. The FASB is seeking public companies that apply the disclosure requirements in FASB Accounting Standards Codification® Topic 280, Segment Reporting. Participants in the study will be asked to provide information on the operability of various potential improvements to the segment disclosure requirements and to identify any potential unintended consequences. If you are interested in participating, please register on the FASB’s website and complete this form.

Feedback obtained from the study will help inform the FASB about the costs and benefits of the different disclosure alternatives. A summary of the findings will be presented at a future FASB meeting. Individual feedback will be kept confidential. The study period is expected to last for three or four months.

This is the FASB’s second study on segment reporting and focuses on the information that is disclosed by each reportable segment. A number of REITs participated in the first study that focused on improving the aggregation criteria and the process for determining reportable segments.


George Yungmann (gyungmann@nareit.com) or Christopher Drula (cdrula@nareit.com).