How to Reassess Segment Disclosures for Q2 Filing

Q2 Close Tip: Reassess Segment Disclosures Consider the FASB’s new segment reporting standard (ASU 2023-07) during Q2 filing. Here’s what to prioritize now: -Review how your CODM (Chief Operating Decision Maker) currently uses financials—this drives disclosure. -Ensure disaggregated expense info is actually tracked—you can’t disclose what you don’t capture. -Evaluate whether internal changes (org structure, reporting lines) should trigger a reassessment of operating segments. Pro tip: Auditors and the SEC will be looking closely at consistency between MD&A, earnings calls, and your segment footnote. Make sure your story aligns across all fronts. #SegmentReporting #FASBUpdate #ASU202307 #SECReporting #Q2Close #FinancialReporting #TechnicalAccounting #CFOInsights Visit us at www.horizonadvisors.com.