IFRS 8 Summary - IFRS 8 Operating Segments || Financial Reporting Lectures (IFRS Summary Videos)

Financial Reporting Lectures (IFRS 8 Summary) - In this International Financial Reporting Standards (IFRS) video, a summary of the accounting standard IFRS 8 Operating Segments has been provided, laying out all the essential points in the standard. This IFRS summary video although comprehensive, does not replace the full IFRS 8 Operating Segments standard issued by the International Accounting Standards Board (IASB).

Overview of IFRS 8: IFRS 8 Operating Segments requires particular classes of entities (essentially those with publicly traded securities) to disclose information about their operating segments, products and services, the geographical areas in which they operate, and their major customers. Information is based on internal management reports, both in the identification of operating segments and measurement of disclosed segment information. IFRS 8 was issued in November 2006 and applies to annual periods beginning on or after 1 January 2009.

- The summary of IFRS 8 Operating Segments in this video also effectively covers the relevant Financial Accounting, Financial Reporting and Advanced Financial Reporting (Corporate Reporting or Strategic Business Reporting) syllabus of all professional accountancy bodies globally (including the Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), Certified Public Accountant (CPA) exams, Institute of Chartered Accountants (ICA) exams among several others) as well as any Bachelors and Masters level accounting courses globally.

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[fikoreus]

Wonderful summary of the standard. Still a big fan of your fluency and eloquence🙌🏼

[shuxinwang]

what if the total segment from all the segments are less than 75% of the revenue? is that possible? like the remaining 25% revenue comes from somewhere not a segments

[youssefbelhaj]

thanks for great teaching . I have a question I wanna know why exactely 10 % I mean why not more....why not 20 % ... and the same thing goes with 75 % why not more why not less I mean I wanna know the souce of those numbers