CAF-6 · Chapter 6 · Question 13 of 15
According to IFRS 8, segment information must be reported based on:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The basis used for internal reporting to the CODM.
Explanation
Segment measures are reported as they are provided to the CODM, even if that basis differs from the logic used in the consolidated financial statements.
More IFRS 8 Operating Segments MCQs
- Q15Which of the following entities are REQUIRED to apply IFRS 8?
- Q1According to IFRS 8, which of the following is an 'Operating Segment'?
- Q2What is meant by the 'Chief Operating Decision Maker' (CODM) in IFRS 8?
- Q3A segment is 'Reportable' if its reported revenue (including inter-segment sales) is what percentage or more of the combined revenue of…
- Q4In addition to the revenue test, a segment is reportable if the absolute amount of its reported profit or loss is 10% or more of the…