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Segment reporting - Coggle Diagram
Segment reporting
Segment reporting supplementing the statement of profit or loss and OCI, based on product or geographical areas, helps users to better understand and assess the following elements of an entity
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Segment reporting provides information regarding the financial performance and position of the identifiable operating segments of a company to users of its financial statements
Can be useful when dealing with large entities that produce a diversified range of products and services and/or have a number of business lines and operations
IFRS 8 defines reporable operating segments, providing the basis for financial disclosure of businesses based on segment activity
IFRS 8 applies to both the individual and group financial statements of an entity whose debt or equity instruments are traded or are in the process of being traded in a public market