Operating Segments IFRS 8

[Jayan]

Hi,

Operating Segments is a new IFRS that replaces Segment Reporting (IAS 14).
I am of the opinion that this topic is not too difficult to get through.Definitions given for Operating Segment and Quantitative thresholds in IFRS 8 is easy to grasp and understand.

How this topic will be questioned in the December exams.Will it form a part of Financial statement or as a seperate question.Please also provide some information regarding the important topics that needs special attention in Operating Segments.

Thanks and Regards
Jayan

[Vandana]

Hi Jayan,

I think the question is likely to be

1) a part exxplanation on how to decide whether a division is a segment
2) a numerical part with some data, so you have to use the segment principles from the standard to work out which divisions will be segments

It is most likely to be tested as part of a separate question

Hope this is helpful!