The article summarises the key financial reporting requirements for disclosure of information relating to operating segments under IFRS 8.
Factsheet
Posted inFinancial Accounting
Factsheet Series: Accounting for Defined Benefit Plan
Lets understand how entities account for defined benefit plans given to employees as part of their post-employment benefits.
Posted inFinancial Accounting
Factsheet Series: Accounting for Employee Benefits
Understand how entities should account for their employee benefits. The accounting for short-term benefits are rather straight-forward. Entities should focus on the accounting for the tricker part – post-employment benefits.
Posted inFinancial Accounting
Factsheet Series: IFRS 13 Fair Value Measurement
Understand the principles in fair value measurement of assets and liabilities in this article. It also provides readers with the summary of the required disclosures relating to fair value of assets and liabilities.
Posted inFinancial Accounting
Factsheet Series: Assets Held for Sale and Discontinued Operations
Understand what will happen when assets are classified as held for sale or when there is a discontinued operation in this article.
Posted inFinancial Accounting
Factsheet Series: Preparation of Cash Flows Statement in IAS 7
Cash is the heart of any businesses. Understanding your cash flows position is a crucial to your business strategy and action. Learn the preparation of cash flows statement in this article.
Posted inFinancial Accounting
Factsheet Series: What is impairment of asset in IAS 36?
Understand what, when and how an entity should assess for impairment loss for its assets in this article.
Posted inFinancial Accounting
Factsheet Series: Revenue Recognition in IFRS 15 (Part 2)
Understand the remaining 3 steps of revenue recognition in IFRS 15. It includes how should an entity assess its progress towards satisfaction of performance obligations to customer to justify for its revenue recognition.
Posted inFinancial Accounting
Factsheet Series: Revenue Recognition in IFRS 15 (Part 1)
Find out how IFRS 15 helps entities to apply a consistent revenue recognition principles across industries.
Posted inFinancial Accounting
Factsheet Series: Key principles in reporting the effects of changes in Foreign Exchange Rates
Find out how entities should account and report the effects of changes in Foreign Exchange Rates in their financial statements under IAS 21, including how to determine entities’ functional currency.