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IFRS 8: Operating segments

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. The standard was published in November 2006 and is effective from 1 January 2009.

Full text standard

Unaccompanied version of IFRS 8 as at 1 January 2017
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.

This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.

IFRS 8 summary and timeline

Looking for the synopsis? Our IFRS 8 summary and timeline are now on a separate page, featuring information on current proposals and a timeline of IASB updates.

Which version of the standard?

Financial Reporting Faculty members have unlimited online access to the consolidated edition of IFRS and amendments through the IASB's eIFRS service. Please log into eIFRS to access electronic versions of the standards. Or find out more about how to join the faculty.

The ICAEW Library also offers members and students access to the print versions of the latest IFRS Blue and Red Books. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com

ICAEW guidance and commentary


IFRS 8 Operating Segments 🔒
Financial Reporting Faculty, 21 August 2013
This exclusive factsheet for Financial Reporting Faculty members contains a summary of the reporting requirements for IFRS 8.


Politics or accounting principles: Why was IFRS 8 so controversial?
Louise Crawford, Christine Helliar and David Power, 2010
This briefing examines two related objectives: why the EU launched its own consultation process for IFRS 8 and what might the likely impact of IFRS 8 be on the content of segmental disclosures by listed companies.


Access to eBooks is only available to ICAEW members and ACA students – please log in to view these titles.

Operating segments 🔒
EY, International GAAP 2020 (2020)
The latest edition of this comprehensive guide offers a global perspective and explanations of complex technical accounting issues to help practitioners interpret and implement IFRS. It contains worked examples and illustrations from published financial reports of major listed companies from around the world. This chapter discusses IFRS 8.

If you have any difficulties using these eBooks, please see our Help and support advice or contact library@icaew.com.

Example accounts

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

Company Reporting (Croner-i)

The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. Company Reporting analyses current IFRS disclosures from public companies, organised by industry sector. It also provides detailed monthly Common Practice reports on specific issues.

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

External resources

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.

Operating segments: The usefulness of IFRS 8
A study published by ICAS in 2012 investigating the issues around implementation of IFRS 8.

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.

Further reading

Manuals and handbooks

The ICAEW Library stocks the latest IFRS handbooks and manuals. You can browse all our books on IFRS 8 and segment reporting or request any of the following popular titles by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com

iGAAP 2019: A guide to IFRS reporting (Volume A)
Deloitte, Croner-i, 2019
Practical and comprehensive guidance for entities currently reporting under IFRS and those considering whether to move to IFRS in the near future.
Request this book by email

GAAP 2019: UK reporting – IFRSs (Volume C)
Deloitte, Croner-i, 2019
Comprehensive manual explaining how to apply IFRS, focusing on practical implementation issues with commentary and analysis of issues specific to UK companies.
Request this book by email

Insights into IFRS 2019–20
KPMG, Sweet and Maxwell, 2019
Manual providing practical guidance with an emphasis on the real-life application of IFRS, with examples based on actual questions that have arisen in practice around the world.
Request this book by email

International GAAP 2019
EY, Wiley, 2019
Comprehensive reference guide to interpreting and implementing IFRS, featuring detailed analysis of technical accounting issues accompanied by worked examples and illustrations taken from the actual financial statements of companies that report under IFRS.
Request this book by email

Manual of accounting: IFRS for the UK 2019
PwC, Tolley, 2018
Practical guidance on the standards and the accounting requirements of UK law applicable to UK users of IFRS. The IFRS Supplement 2020 published in December 2019 brings the manual up to date for 2020; it includes a new chapter on insurance contracts under IFRS 17 and an updated chapter on leasing under IFRS 16.
Request this book by email

Wiley IFRS 2019: Interpretation and application of IFRS standards
PKF, Wiley, 2019
Reference manual providing full coverage of the latest standards and thorough guidance for implementation, featuring practical tools and insight from a practitioner's perspective.
Request this book by email


The ICAEW Library subscribes to over 160 current journals and magazines, as well as offering access to 1,800 key UK and international business, management and trade titles online. You can browse articles on IFRS 8 and segment reporting or request any of the selected articles below by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com

See no evil
Sarah Perrin, Accountancy, December 2012
The article relates IASB's defence of its approach, and some preparers of accounts are satisfied with the standard, according to ICAS research. Investor views are mixed, however. The IASB is likely to face pressure to revise IFRS 8, even if an overhaul is improbable.

Slicing up the data
CA Magazine, October 2010
This article reports on the initial findings from an ICAS research study of segmental reporting. Preliminary investigations into a sample of 65 companies have focussed on changes in the number of business and geographic segments for which information was disclosed at the time of the standard's introduction. This article discusses the preliminary findings.

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Ask ICAEW Technical Advisory Service

Get an opinion from the experts. Our experienced technical advisors can help you with your IFRS questions and offer practical advice. Call the advisory helpline on +44 (0)1908 248 250.

Questions on IFRS 8 that we've dealt with recently include:

  • My operating segments include discontinued operations. How can I present this?
  • We have restructured our business operations during the year. What do I need to consider when reporting operating segments?
  • I have changes in reportable segments after the reporting period but before the financial statements are issued. Do I have to reflect this change in the financial statements?

Find out more about the Technical and ethics advisory helpline, including our opening hours.

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