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Financial Reporting System
A structured process or framework used by an entity to compile and present financial data in the form of financial statements.
Segment Information
Financial data that has been broken down into smaller parts, such as divisions or subsidiaries of a corporation, to analyze performance of different areas of the company separately.
Reportable Segment
A distinguishable component of a business for which separate financial information is available and regularly reviewed by the entity’s decision makers.
Operating Profits
Income earned from a firm's core business operations, excluding deductions of interest and taxes.
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