Five Steps Approach to Segment Reporting under IFRS 8

by - Md. Imran Hossain on - July 23, 2020

The Practical approach to segment reporting under IFRS 8 includes five steps, as presented below:

Step 1: Identification of the CODM (Chief operating Decision Maker).

Step 2: Identification of Operating segments.

Step 3: Aggregation of operating segments.

Step 4: Determination of re portable segments.

Step 5: Segments disclosure information.