FAR — Quick Sheet
SEC Reporting, Segments & Interim Reporting
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One-minute revision
- Segment is reportable if revenue, profit/loss, or assets ≥ 10% of combined total (any one test)
- 75% overall test: reportable segments must cover ≥75% of consolidated external revenue
- Interim reporting = "integral view" — allocate annual costs across quarters, don't treat each quarter standalone
- Interim tax expense uses estimated annual effective tax rate on YTD income