Operating segments

Question 1

Standard

Answer 1

Operating segments IFRS 8

Question 2

An operating segment is a component of an entity:

Answer 2

• That engages in business activities from which it may earn revenues and incur expenses
• whose operating results are regualrly reviewed by the entity’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance
• for which discrete financial information is available.