IFRS 8 Operating Segments sets out requirements for disclosure of information about an entity’s operating segments and also about an entity’s products and services, the geographical areas in which it operates, and its major customers.
Published November 2006. Effective 1 January 2009.
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IFRS 8 requires operating segments to be identified on the basis of internal reports about components of an entity that are regularly reviewed by the chief operating decision maker in order to allocate resources and assess performance. Where operating segments meet quantitative thresholds, segment information is required to be disclosed. General information about how the entity identified its operating segments and information about products and services is also required.
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The IASB began a post-implementation review of IFRS 8 in 2012; as a result of this review it currently drafting an ED of proposed amendments to the standard.
This page was last updated 10 March 2016