Reporting+Entities

=Reporting Entities= Reporting entities are entities which report financial information using a digital financial statement. Reporting entities can have relationships with one another. The components of a reporting entity can be seen as a hierarchy.

Reporting entities can be broken down in a number of ways and have a number of different sub components.

Legal entity
 * Consolidated entity
 * Parent holding company

Business segments

Geographic areas

Operating activities
 * Continuing operations
 * Discontinued operations

Other important entity breakdowns:
 * Subsidiary
 * Consolidation eliminations
 * Asset group
 * Disposal group
 * Reporting unit
 * Product line
 * Reportable segment
 * Operating segment
 * Similar businesses
 * Nonsimilar businesses

Reporting entities can have various legal forms:
 * Corporation
 * Partnership
 * Limited liability partnership
 * Proprietorship
 * Cooperative