Segment information
IFRS 8 applies to entities within its scope and uses a management approach: operating segments are identified using components reviewed by the chief operating decision maker, subject to aggregation and reporting thresholds. Required disclosures include specified segment measures and reconciliations, together with certain entity-wide disclosures. Amounts reported to management may be measured differently from IFRS financial statement amounts.
Worked example
A listed group’s chief operating decision maker reviews separate retail and wholesale results. If both qualify as reportable segments, it discloses required information and reconciles segment totals to the relevant group amounts.
Common mistake
Assuming every entity must report segments, or that segment measures always use identical accounting policies to consolidated IFRS figures.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | SBR | Direct | September 2026–June 2027 |