Summary of Statement No. 24

Reporting Segment Information in Financial Statements That Are Presented in Another Enterprise's Financial Report—an amendment of FASB Statement No. 14 (Issued 12/78)


If consolidated or combined financial statements are accompanied by a complete set of separate parent company or investee company (or group of investee companies) financial statements, this Statement eliminates the requirement to disclose segment information in the separate financial statements of:

The parent company or affiliated companies that have been consolidated or combined in that financial report.

Certain foreign investee companies.

Investee companies accounted for by the cost or equity method if that segment information is not significant in relation to the consolidated or combined financial statements.