FASB stands for Financial Accounting Standards Board which is responsible for setting up of Generally Accepted Accounting Principles within the United States. FASB constantly works for making desired improvements and up gradations in the Generally Accepted Accounting Principles. To describe: The users of accounting information FASB had in mind while setting up the standard that requires the businesses to disclose about the segments of the business. The disclosures helpful for such users.

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Chapter 1, Problem 1.9AAP

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Introduction: FASB stands for Financial Accounting Standards Board which is responsible for setting up of Generally Accepted Accounting Principles within the United States. FASB constantly works for making desired improvements and up gradations in the Generally Accepted Accounting Principles.

To describe:The users of accounting information FASB had in mind while setting up the standard that requires the businesses to disclose about the segments of the business. The disclosures helpful for such users.

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