ifrs8 - BV2010_IFRS08_PART A.fm Page 237 Thursday, April 1,...

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IFRS 8 © IASCF A237 International Financial Reporting Standard 8 Operating Segments IFRS 8 was issued in November 2006 and its effective date is 1 January 2009. This version includes amendments resulting from IFRSs issued up to 31 December 2009. IAS 14 Segment Reporting was issued by the International Accounting Standards Committee in August 1997. It replaced IAS 14 Reporting Financial Information by Segment (issued in August 1981 and reformatted in 1994). In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. IAS 14 was subsequently amended by the following IFRSs: •I A S 2 Inventories (as revised in December 2003) A S 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003) A S 1 6 Property, Plant and Equipment (as revised in December 2003) F R S 3 Business Combinations (issued March 2004) F R S 5 Non-current Assets Held for Sale and Discontinued Operations (issued March 2004) F R S 7 Financial Instruments: Disclosures (issued August 2005) A S 1 Presentation of Financial Statements (as revised in September 2007). * In November 2006 the IASB issued IFRS 8 Operating Segments , which replaced IAS 14. IFRS 8 has been amended by the following IFRSs: A S 1 Presentation of Financial Statements (as revised in September 2007) * Improvements to IFRSs (issued April 2009) A S 2 4 Related Party Disclosures (issued November 2009). § * effective date 1 January 2009 effective date 1 January 2010 § effective date 1 January 2011 (earlier application, in whole or in part, permitted) BV2010_IFRS08_PART A.fm Page 237 Thursday, April 1, 2010 9:37 AM
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IFRS 8 A238 © IASCF C ONTENTS paragraphs INTRODUCTION IN1–IN18 INTERNATIONAL FINANCIAL REPORTING STANDARD 8 OPERATING SEGMENTS CORE PRINCIPLE 1 SCOPE 2–4 OPERATING SEGMENTS 5–10 REPORTABLE SEGMENTS 11–19 Aggregation criteria 12 Quantitative thresholds 13–19 DISCLOSURE 20–24 General information 22 Information about profit or loss, assets and liabilities 23–24 MEASUREMENT 25–30 Reconciliations 28 Restatement of previously reported information 29–30 ENTITY-WIDE DISCLOSURES 31–34 Information about products and services 32 Information about geographical areas 33 Information about major customers 34 TRANSITION AND EFFECTIVE DATE 35–36B WITHDRAWAL OF IAS 14 37 APPENDICES A Defined term B Amendments to other IFRSs APPROVAL BY THE BOARD OF IFRS 8 ISSUED IN NOVEMBER 2006 BASIS FOR CONCLUSIONS APPENDICES TO THE BASIS FOR CONCLUSIONS A Background information and basis for conclusions of the US Financial Accounting Standards Board on SFAS 131 B Amendments to the Basis for Conclusions on other IFRSs DISSENTING OPINIONS IMPLEMENTATION GUIDANCE APPENDIX Amendments to other Implementation Guidance FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION BV2010_IFRS08_PART A.fm Page 238 Thursday, April 1, 2010 9:37 AM
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IFRS 8 © IASCF A239 International Financial Reporting Standard 8 Operating Segments (IFRS 8) is set out in paragraphs 1–37 and Appendices A and B. All the paragraphs have equal authority.
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This note was uploaded on 02/26/2011 for the course ACCOUNTING 310 taught by Professor Cruz during the Spring '11 term at Xavier - Ateneo de Cagayan.

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ifrs8 - BV2010_IFRS08_PART A.fm Page 237 Thursday, April 1,...

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