Segment reporting is intended to give information to investors and stakeholders regarding the financial results and financial position of the entity that are used
by the entity’s chief operating decision maker (CODM).
Contents
IFRS 8 ‘Operating Segments’ was developed by the International Accounting Standards Board (IASB) to provide requirements to reporting entities on this area, that can be challenging to apply in practice.
Our ‘Insights into IFRS 8’ series is designed to illustrate how IFRS 8 should be applied and provides guidance and insight in some problematic areas. We also include several examples illustrating the Standard’s disclosure requirements. This article sets out the segment information that is required to be disclosed in the financial statements of the reporting entity.
