a distinguishable part of a business or enterprise that is subject to a different set of risks and returns from any other part. Listed companies are required to declare in their annual reports certain information, for example, sales, profits, and assets, for each segment of an enterprise.
An IASC Steering Committee has recommended changes to International Accounting Standard IAS14, 'Reporting Financial Information by Segment.' It suggests a new standard which will give clearer and more effective guidelines on defining industry and geographical segments and for determining and assessing items such as segment expenses, segment revenue and segment...
A positioning statement for each targeted segment is required. Positioning simply means how you want your target segment to perceive you. Note that this is not necessarily how they see you now, but how you want them to see you. In essence, then, it is a promise to the target...
Many entities provide groups of products or services or operate in diverse geographical areas. Segment information highlights the entity's risks and returns, showing the financial position and performance by segment. This document provides conceptual knowledge about segment reporting - its format, types of segments, reportable segments etc.
TULSA, Okla., Oct. 10 /PRNewswire-FirstCall/ -- Williams today announced that its preliminary estimates indicate the effect of hurricanes Gustav and Ike will reduce its third-quarter 2008 consolidated segment profit by $50 million to $70 million, primarily in the company's Midstream business segment. Segment profit is a pre-tax...
In Brief New Ways to Define Segments Because many companies were not providing expected segment information, the FASB has replaced SFAS No. 14 with SFAS No. 131. Under this new standard, segments are defined from a management perspective-how management organizes segments within the enterprise for making decisions...
This article deduces that the liquidity of the market for corporate assets plays an important role in explaining whether a firm divests a business segment, which business segment the firm divests, and whether the firm divests a core segment or an unrelated segment. Firms are more likely to divest segments...
This paper describes the best way to identify and serve customers in the target segments. Segmentation could be the marketing tool that sets the company apart from the competition. The business organization that goes all the way from developing a winning segment strategy to committing the resources needed to implement...
Even a single small business can have several very different kinds of customers. It pays big rewards to be aware of these differences and adjust your marketing strategies accordingly. One of the most profitable exercises one can conduct is to segment your site visitors into specific categories. This takes market...
Niche marketing, or market segmentation, is a technique often recommended by marketing practitioners as a method for success. Find an under-served niche and fill it. Find a segment that no one else serves and you can achieve success. This paper explains what exactly is a niche or segment and how...
This paper summarizes a study on the application of FASB Statement 131, Reporting Disaggregated Information about a Business Enterprise, and the degree to which any consistencies exist in the banking industry. Samples of 8 top-50 banks' were surveyed to assess the interpretation and implementation of segment reporting. Specifically, this research...
NEW YORK -- PRIMEDIA Inc. (NYSE: PRM) today announced that in accordance with generally accepted accounting principles GAAP, the extent of the Company's progress in exploring strategic options for the assets in its Education Segment will cause the Company to classify this Segment as a discontinued operation in the fourth...
DALLAS--BUSINESS WIRE--April 3, 1996--Coho Energy Inc. (NASDAQ-NMS:COHO; TSE:CEE) announced the closing of the previously disclosed sale of its gas marketing and transportation segment.Total consideration for the segment was $23 million and net proceeds from the sale were used to reduce long term debt.Coho has entered into a long term gas...
Knowing the five criteria necessary for a market segment helps you, as a small business owner, to improve your marketing. Effective marketing caters to your best potential customers - your target market. After identifying your target market by segments, then you can design your marketing tactics specifically to meet their...
BRISTOL, Conn. -- Barnes Group Inc. (NYSE: B) today announced that it has renamed its Associated Spring business segment Barnes Industrial. The Barnes Industrial business segment consists of six strategic business units SBUs: Precision Forming; Retention Rings; Nitrogen Gas Products; Precision Valves; Engineered Springs; and Plastics. The Associated Spring brand...
PITTSBURGH--BUSINESS WIRE--July 29, 1999-- Allegheny Teledyne Incorporated (NYSE:ALT) today announced that Stefan C. Riesenfeld, 51, has joined the company as executive vice president and chief financial officer of its Aerospace and Electronics segment. Riesenfeld will report to Robert Mehrabian, president and chief executive officer of the segment. ...
OLDWICK, N.J. -- A.M. Best Co. maintains a stable outlook for the personal lines segment in 2006 based on its favorable risk-adjusted capitalization and consistently strong operating profitability. Despite the impact from an unprecedented hurricane season in 2005, the segment is estimated to generate an underwriting profit for the third...
By Charoen Kittikanya, Bangkok Post, Thailand Knight Ridder/Tribune Business News Jun. 18--Local insurance companies say their businesses will be affected slightly by the cabinet's decision yesterday to lift the requirement that students buy accident insurance, as only a few insurers are...
Making long-term changes in the way Californians use water is the focus of the latest segment in the "California's Water" series for public television, produced by Huell Howser and underwritten by the Association of California Water Agencies ACWA. The segment, "Tightening the Water Belt," is set to air at 7:30...
By Charoen Kittikanya, Bangkok Post, Thailand Knight Ridder/Tribune Business News Dec. 19--Aviva Insurance Thai Co, formerly CGU Insurance Thai, plans to be more cautious next year in underwriting insurance for 1.5-litre engine automobiles, citing the relatively high loss ratio of the...
