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IFRS 8: Operating segments

The accounting standard IFRS 8 sets out how entities should report information about their operating segments in annual financial statements and interim financial reports and gives requirements for related disclosures about products and services, geographical areas and major customers. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.

What's on this page?

  • Full-text standard
  • Summaries
  • Guidance and support from ICAEW
  • Example accounts
  • eBooks
  • Guides
  • Online articles
  • Articles and books from the Library

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Full-text standard

The IFRS Foundation and International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website; you will need to register to gain access.

These standards are the unaccompanied versions and do not include any additional content that accompanies the full IAS and IFRS such as illustrative examples, implementation guidance and bases for conclusions.


IFRS 8 – Operating Segments
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.

Operating segments – IFRS 8 
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.

ICAEW guidance and support

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

Example accounts

IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires compiled by the ICAEW Library.

Best practice

Company Reporting
The ICAEW Library can provide extracts of reports to illustrate real-life best practice from CCH's Company Reporting tool. Extracts are searchable by industry sector, subject, company, auditor, listing status and year end date. The product also offers reports with summaries and commentary (with examples) on common practices and emerging issues, as well as an ongoing monitor of changing practices.

  • IFRS 8 'Operating segments' CR Extracts
  • Segment disclosures and the chief operating decision maker under IFRS
  • Revenue under IFRS
  • Segmental Disclosures: At Management Discretion?

Contact us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com to get any documents from Company Reporting.

ICAEW and Financial Reporting Faculty members can also buy a personal discounted subscription to this product.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

IFRS 2017: Interpretation and application of IFRS standards
Erwin Bakker (2017)
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on operating segments covers:

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

IASB news

IASB consults on proposed improvements to IFRS 8 Operating Segments
Press release issued by the IASB on 29 March 2017 announcing proposed amendments to IFRS 8 following a post-implementation review.

IASB concludes 2010–2012 and 2011–2013 Annual Improvements Cycles
Project update issued by the IASB on 12 December 2013 announcing amendments affecting IFRS 1, IFRS 2, IFRS 3, IFRS 8, IFRS 13, IAS 16, IAS 24, IAS 38 and IAS 40.

IASB issues convergence standard on segment reporting
Press release issued by the IASB on 30 November 2006.

Guides and publications

Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.

A fresh look at IFRS 8, ‘Operating segments’
Guide produced by PwC in March 2015 explaining the key requirements of IFRS 8 and looking at practical issues that have developed since the standard was issued.

The Application of IFRS: Segment reporting
Executive summary of a survey conducted by KPMG of the latest consolidated financial statements of 81 companies within the Fortune Global 500. Published July 2010.

A practical guide to IFRS 8 for real estate entities
Guide published by PwC in January 2010.

Operating Segments – Applying IFRS 8 in practice
A 60-page guide from Grant Thornton published in June 2009 that explains key implementation issues and includes interpretational guidance and illustrative examples.

A practical guide to IFRS 8 for investment funds
Guide from PwC published in June 2009 which looks at issues of applying IFRS 8 in practice to mutual funds, hedge funds and private equity funds. The publication is based on the requirements of IFRS 8 applicable to financial periods on or after 1 January 2009.

Making Sense of a Complex World: IFRS 8 Operating Segments
Paper published by PwC in June 2009 which identifies some of the issues that telecommunications companies may encounter as they apply IFRS 8.

IFRS Converges to US GAAP on Segment Reporting
Article published in the Journal of Accountancy in April 2009.

IFRS 8 Operating Segment: Implementation Guidance
Publication from Ernst & Young published in March 2009, which provides an overview of the requirements of IFRS 8 Operating Segments. The publication includes an illustrative example and an FAQ about the application of IFRS 8.

A practical guide to segment reporting
Guide published by PwC in September 2008 which explains the key requirements of IFRS 8 and considers some practical issues for first-time adopters. The guide includes a selection of 30 key questions and answers.

Endorsement of IFRS 8 Operating Segments: Analysis of Potential Effects
Report published by the European Financial Reporting Advisory Group on 3 September 2007 which includes a summary of the main issues raised by respondents to the public consultation in May 2007.

Endorsement of IFRS 8 Operating Segments
Consultation paper issued by the European Commission on 30 May 2007 focusing on the endorsement of IFRS 8 Operating Segments. Further details of the project are available from the IFRS 8 – Segment Reporting – Short term convergence project page on the European Financial Reporting Advisory Group website.

Other resources

IFRS Learning
Interactive training modules from Deloitte with practical scenarios, worked examples and questions to test your knowledge. Each module is available to download as a zip file free of charge (registration is required).

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

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