AASB 8/IFRS 8 Operating Segments applies to:
I. listed entities.
II. public companies.
III. entities in the process of listing.
IV. any entity who voluntarily chooses to apply it.
A) I, II and III only.
B) II, III and IV only.
C) I, II and IV only.
D) I, III and IV only.

Question

Quizplus · Accepted Answer

AASB 8/IFRS 8 Operating Segments applies to entities that have publicly traded securities or are in the process of issuing securities in a public market, as well as those that voluntarily choose to apply it. This includes listed entities and entities in the process of listing, as well as any entity that opts to apply the standard voluntarily. Public companies not in the process of listing or without publicly traded securities are not automatically required to apply AASB 8/IFRS 8 unless they choose to do so.

AASB 8/IFRS 8 Operating Segments Applies To