IFRS08 BV2009 - IFRS 8 International Financial Reporting...

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IFRS 8 International Financial Reporting Standard 8 Operating Segments IFRS 8 was issued in November 2006 and this version includes amendments resulting from IFRSs issued up to 31 December 2008. Its effective date is 1 January 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Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn.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: IAS 2 Inventories (as revised in December 2003) IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003) IAS 16 Property, Plant and Equipment (as revised in December 2003) IFRS 3 Business Combinations (issued March 2004) IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (issued March 2004) IFRS 7 Financial Instruments: Disclosures (issued August 2005) IAS 1 Presentation of Financial Statements (as revised in September 2007). 1 In November 2006 the IASB issued IFRS 8 Operating Segments , which replaced IAS 14. IFRS 8 has been amended by IAS 1 Presentation of Financial Statements (as revised in September 2007). 2 1 effective date 1 January 2009 (earlier application permitted) 2 effective date 1 January 2009 (earlier application permitted) © IASCF 1
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IFRS 8 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 35–36A 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 DISSENTING OPINIONS IMPLEMENTATION GUIDANCE 2 © IASCF
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IFRS 8 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. Paragraphs in bold type state the main principles. Definitions of terms are given in the Glossary for International Financial Reporting Standards. IFRS 8 should be read in the context of its core principle and the Basis for Conclusions, the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements . IAS 8 Accounting Policies, Changes in Accounting
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IFRS08 BV2009 - IFRS 8 International Financial Reporting...

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