What are the ifrs 8 operating segments, Financial Management

What are the IFRS 8 operating segments

IASB issued IFRS 8 operating segments in November 2006 (which replaced IAS 14). This continues IASB's work in its joint short-term convergence project with US Financial Accounting Standards Board (FASB) to reduce differences between IFRSs and US typically accepted accounting principles (GAAP). IFRS 8 is now aligned with US standard SFAS 131 disclosures about segments of an enterprise and related information.

Many organisations now do business in lots of different geographical areas and carry on with various classes of business. These different sections would have different levels of profitability, risk andgrowth. Analysing the different business "segments "will give users of accounts more information for their decision-making purposes.


Posted Date: 8/31/2013 7:08:10 AM | Location : United States

Related Discussions:- What are the ifrs 8 operating segments, Assignment Help, Ask Question on What are the ifrs 8 operating segments, Get Answer, Expert's Help, What are the ifrs 8 operating segments Discussions

Write discussion on What are the ifrs 8 operating segments
Your posts are moderated
Related Questions
How do opportunity costs affect the capital budgeting decision-making process? Opportunity costs reflect the foregone advantages of the alternative not chosen when a capital bu

What is compound interest? Compare compound interest to discounting. Compound interest takes place while interest is earned on interest and on the original principal of an invest

Evaluate the tools commonly used in estate planning, including trusts, life insurance, and annuities. Compare the tools as to how they would apply for a couple in their mid-50s who

Write down what processes and data you would analyse when looking at the following scenarios and write down any improvements you could include to ensure that the problem would be l

Q. Show Maximum opportunity cost? If Marton hedges all its awaited dollar income over the next year at US$1.55: £l this will make guaranteed (ignoring other sources of risk) st

What is the difference between business risk and financial risk? Business risk considers to the uncertainty a company has regarding to its operating income (as well termed as ear

What does it mean when we say that the correlation coefficient for two variables is -1? What does it mean if this value were zero? What does it mean if it were +1? Correlation

Air Manchester (AM) is a new airplane manufacturer. It is considering investing in a software package, e.g. SAS, which would make its daily operations more efficient

The effective maturity of a callable bond can be anywhere between the first call date and its maturity date due to the presence of the call feat

Shareholders Shareholders are usually assumed to be interested in wealth maximisation. This though involves consideration of potential return and risk. Where a company is liste