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International Financial
Reporting Standards (IFRS) |
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| U.S. GAAP | IFRS, IAS | Accounting Topics |
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| International Financial Reporting Standard (IFRS) 8 |
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--> a component of an entity with the following characteristics: (1) discrete financial information is available (2) engages in business activities (earns revenue, incurs expenses) (3) operating results are regularly reviewed --> to assess performance --> to make resource allocation decisions (to the segment) |
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(1) assets are 10% or more of the combined assets (2) revenue is 10% or more of the combined revenue (3) profit or loss (in absolute amount) is 10% or more of the greater of (3a) and (3b), in absolute amount: (3a) combined profit of all operating segments --> that did not report a loss (3b) combined loss of all operating segments --> that reported a loss |
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--> information about the operating segment --> is reported separately |
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If total external revenue (of reported segments) < 75% of entity's revenue --> additional segments are reported --> even if they do not meet 10% Rule until total external revenue (of reported segments) ≥ 75% of entity's revenue |
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(1) general information (2) segment revenues, segment profit or loss, segment assets, segment liabilities, basis of measurement (3) reconciliations (of the segment totals of following items) to corresponding entity amounts: segment revenues, segment profit or loss, segment assets, segment liabilities, other material segment items |
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(1) geographical areas (2) major customers (3) products and services |
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revenues from external customers in (1a) the entity's country of domicile (1b) all foreign countries in total non-current assets located in (1a) the entity's country of domicile (1b) all foreign countries in total |
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if revenues from a single external customer ≥ 10% of entity's revenue, disclose: (2a) total revenues from each of those customers (2b) segments reporting revenues from those customers |
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revenues from external customers for each (3a) product and service (3b) group of similar products and services |
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