segment reporting

Tell me what you don't understand - and don't say "All of it"!

under IFRS 8 segmental reporting it means that business has to dislose information about each operating segment they operate, and risk and returns are based on each segment. what are the kind of question that they are likely to ask in terms of segmental reporting? or is probably i cant identify them . thanks

I think its segments from diiferent countries in which the business operates, and if the assets are more than 10%, P&L more than 10% of the overall segment and sales more than 10% then it passes the test and meets criteria of IFRS 8. IFRS 8 states that the financial information must be reviewed by chief operating decision maker in order to allocate its resources and determine the risk of return of each segment. In terms of reporting the financial information are the financial statements prepared seperatly? please let me know if If im wrong with the above? thanks

Hi Karen The point about the CoDM, that's just ensuring that information disclosed to members is the same as the information given to the CoDM. It helps to avoid the giving of manipulated information to the members in the style of cherry picking the best bits of information whilst suppressing the nastier bits Yes, the 10% rule operates to ensure that all material matters are disclosed. As to the type of question he could ask - he's not likely to be looking for a numbers based question where you have to calculate the actual amounts. He could give you numbers for different segments and ask what you would disclose based on those numbers but even then I cannot see a part of a question for more than, say, 7 or 8 marks OK?

Hi Thanks, so basically you have to disclose them seperately if the nature of the products etc are not met. if the products, type of customers etc are same as the segmenrs then you can report them together, or no matter what it has to be reported seperately. Thanks

Where the 10% threshold is passed, on whatever measure, it should be disclosed until you arrive at the 75% minimum disclosure OK?