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IFRS 8 operating segments

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › IFRS 8 operating segments

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 23, 2016 at 7:17 am #316532
    amelia85
    Member
    • Topics: 34
    • Replies: 53
    • ☆☆

    Sir, can explain to me this IFRS

    IFRS 8 states that if the total external turnover reported by the operating segments identified by the size criteria is less than 75% of total entity revenue then additional segments need to be reported on until the 75% level is reached.

    Thanks.

    May 23, 2016 at 9:18 am #316557
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    Any segment greater than 10% (of various benchmarks) needs to be separately identified with corresponding data

    So, if an entity has segments with 35% of revenue, 15% of revenue, 9% of revenue, 8% of revenue, 7% of revenue, 6% of revenue and various other smaller ones adding up to in aggregate 100%, then automatically you would disclose the 35% and the 15% aggregating 50%

    But that’s less than 75%

    So additionally disclose the 9% segment bringing us up to 59%

    So additionally disclose the 8% segment bringing us up to 67%

    So additionally disclose the 7% segment bringing us up to 74%

    So additionally disclose the 6% segment bringing us up to 80%

    and, phew, that’s enough

    OK?

    May 23, 2016 at 2:46 pm #316606
    amelia85
    Member
    • Topics: 34
    • Replies: 53
    • ☆☆

    Thanks Sir for the detailed explanation 🙂

    May 23, 2016 at 3:00 pm #316609
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    You’re welcome

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