IFRS 8: Operating Segments
- ‘reportable’ segments; and
- ‘operating’ segments.
The IFRS also requires an entity to report information about the revenues it derives from its products or services and disclose information concerning the countries in which it earns revenues. In addition, the IFRS requires descriptive information to be disclosed concerning the way the operating segments were determined as well as the products and services provided by the segments, the differences between the measurements used in reporting segment information and those used in the entity’s financial statements as well as changes in the measurement of segment amounts from period to period.
Steve Collings FMAAT ACCA DipIFRS is Audit Manager at Leavitt Walmsley Associates www.lwaltd.com. Read all of Collings's analyses of the International Financial Reporting Standards.
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