CAF-6 · Chapter 6 · Question 11 of 15
IFRS 8 uses a specific approach for segment reporting. What is this approach called?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The Management approach
Explanation
IFRS 8 uses the 'management approach' where segments are identified based on internal reports used by management.
More IFRS 8 Operating Segments MCQs
- Q13According to IFRS 8, segment information must be reported based on:
- Q14In identifying its segments, Zenith Ltd has 12 operating segments. Management believes that showing 12 segments would be too detailed for…
- 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?