ifrs 8

3 requirements of IFRS 8 on identification of reportable segments.

IFRS 8 reporting segments seeks to assist the user of financial statements gain a clearer understanding of the performance of the business by requiring disaggregation of the reported financial information into segments.

Definition of reportable segment.

IFRS 8 requires an entity to report financial and descriptive information about its reportable segments. Reportable segments are operating segments or aggregation of reporting … Read the rest

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Key information required to be disclosed for each reportable segment according to IFRS 8.

IFRS 8 operating segments seeks to assist the user of financial statement gain clearer understanding of the performance of the business by requiring the dis-aggregation of the reported financial information into segments.

Information to be reported

  • The IFRS requires an entity to report a measure of operating segment profit or loss and of segment assets.
  • It also require an entity
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