cryptohunter
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IFRS 8 sets the rules for companies to reveal details about their operating segments, bringing clarity into the various components of the business.
The standard requires companies to identify and report segments based on the info regularly reviewed by the top decisionmaker, usually the CEO. Operating segments are parts of the business earning revenues and incurring expense with separate financial details.
Companies must report specific financial info for each segment, covering revenue, profit or loss, assets, and liabilities. If internal info differ from financial statement a reconciliation is provided.
The standard requires companies to identify and report segments based on the info regularly reviewed by the top decisionmaker, usually the CEO. Operating segments are parts of the business earning revenues and incurring expense with separate financial details.
Companies must report specific financial info for each segment, covering revenue, profit or loss, assets, and liabilities. If internal info differ from financial statement a reconciliation is provided.
