IFRS 8 – Operating Segments – Theory – 2

If the total external revenue reported by operating segments constitutes less than __________ of the entity’s revenue, additional operating segments shall be identified as __________.

An operating segment meets quantifiable criteria in the current period, however did not meet these criteria in the prior period. Which of the following agrees with IFRS 8?

An entity may set a practical limit to the number of reportable segments that it separately discloses beyond which segment information may become too detailed.

Under which circumstances an entity may report segment’s interest revenue net of its interest expense?

Which of the following is to be disclosed about each reportable segment under IFRS 8?

Adjustments and eliminations made in preparing an entity’s financial statements and allocations of revenues, expenses, and gains or losses shall be included in determining reported segment profit or loss __________ they are included in the measure of the segment’s profit or loss that is used by the chief operating decision maker.

If the chief operating decision maker uses only one measure of an operating segment’s profit or loss, the segment’s assets or the segment’s liabilities in assessing segment performance and deciding how to allocate resources, segment profit or loss, assets and liabilities according to IFRS 8 may still be reported at different measures.

Which of the following is not a requirement of IFRS 8 to provide measurement explanations?

According to IFRS 8, which of the following reconciliations shall an entity provide?

Under which circumstances an entity that has changed the structure of its internal organisation is allowed not to restate corresponding information for earlier periods?