Segment reporting is intended to give information to investors and stakeholders regarding the financial results and financial position of the entity that are used by the entity’s chief operating decision maker (CODM). Given this, IFRS 8 ‘Operating Segments’ provides the guidance to preparers on this area.
In this article
Our ‘Insights into IFRS 8’ series is designed to illustrate how IFRS 8 should be applied and provides guidance and insight in some problematic areas. We also include several examples illustrating the Standard’s disclosure requirements. This article sets out the segment information that is required to be disclosed in the financial statements of the reporting entity.
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We hope you find the information in this article helpful in giving you some detail into aspects of IFRS 8. If you would like to discuss any of the points raised, please speak to your usual Grant Thornton contact or your local member firm.
Authors
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Sarah Carroll
Sarah is the global head of the IFRS and corporate reporting team focussing on the consistent application of both International Financial Reporting Standards (IFRS) and sustainability reporting standards.View Profile