Under AASB 8 segment profit is the difference between:
A)revenues from ordinary activities and expenses from ordinary activities
B)revenues from operating activities and expenses from ordinary activities
C)revenues and expenses internally reported to senior management
D)revenues for the segment that corresponds to those reported in the comprehensive profit statement (same recognition and measurement rules applied)

Question

Quizplus · Accepted Answer

Segment profit under AASB 8 is defined as the difference between revenues and expenses that are internally reported to the organization's chief operating decision maker for the purposes of making decisions about allocating resources to the segment and assessing its performance. This approach allows for flexibility in how segments are reported, reflecting the internal financial reporting structure of the entity.

Under AASB 8 Segment Profit Is the Difference Between