Ifrs 8 pdf

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Ifrs 8 pdf

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Further information on how Introduction. In many cases, identifying operating segments Definitions of terms are given in the Glossary for International Financial Reporting Standards consistency with IFRSIn the amended paragraphs, new text is underlined and deleted text is struck through. The IASB is supported by technical staff and a range of advisory bodies Our ‘Insights into IFRS 8’ series considers some key implementation issues and includes interpretational guidance in certain problematic areas. IFRSrequires an entity whose debt or equity securities are publicly traded to disclose information to enable users of its financial statements to evaluate the nature and IFRSrequires entities with publicly traded securities to disclose information about their operating segments, products and services, geographical areas and major customers IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). IGThis implementation guidance provides examples that illustrate the disclosures required by IFRSand a diagram to assist in identifying reportable segments IFRSrequires that companies implement a ‘management approach’ to reporting the financial performance of their operating segments, thus aligning segmental disclosures International Financial Reporting StandardOperating Segments (IFRS is set out in paragraphs 1–and Appendices A and B. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. Objective and Scope. This article sets out the requirements when identifying operating segments. Large entities produce a wide range of products and services, often in several different countries. Our IFRSshould be read in the context of its core principle and the Basis for Conclusions, the Preface to IFRS Standards and the Conceptual Framework for Financial Reporting INTRODUCTION. We also include several examples illustrating the Standard’s requirements. * * * * * The amendments contained in this appendix when IFRSwas issued in have been incorporated into the text of the Guidance on Implementing IFRSand the illustrative examples accompanying IAS, both as issued at The IASB is an independent standard-setting body within the IFRS Foundation. Background. The IASB is an independent standard-setting body within the IFRS Foundation IFRSspecifies the use of a ‘through the eyes of management’ approach to an entity’s reporting of information relating to its operating segments in annual financial statements IFRSspecifies how an entity should report information about its operating segments in annual financial statements and, as a consequential amendment to IAS‘Interim IFRS‘Operating Segments’ aligns external reporting through the identification and reporting of operating segments with what is reported internally by management. IFRS Accounting Standards are, in effect, a global accounting language—companies in more than jurisdictions are required to use them when reporting on their financial health.