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IFRS 8 Operating Segments - Coggle Diagram
IFRS 8 Operating Segments
1. Is it an Operating Segment?
Component of an entity
Operating results regularly reviewed by entity's CODM
Discrete financial information is available
Engages in business, earns revenue & incurs expenses
2. Is it a Reportable Segment?
Profit/Loss > 10% of total profit/loss OR
Assets > 10% of total assets
Revenue > 10% of total revenue OR
Reportable segments must > 75% of external revenue
3. Can the Segments be Aggregated?
Class of customers AND
Distribution method AND
Nature of production AND
Nature of regulatory environment
Nature of products/services AND
4. Disclosures
External revenue
Geographical information
Business nature of segments
Factors to identify reportable segments