Under AASB 8 the objective is to provide disclosures:
A)about reportable operating segments
B)about material operating segments
C)that enable users of financial statements to evaluate the nature and financial effects of the business activities in which an entity engages and the economic environments in which it operates
D)about operating segments that satisfy the quantitative guidelines in AASB 8.13.

Question

Quizplus · Accepted Answer

AASB 8 requires disclosures that enable users of financial statements to evaluate the nature and financial effects of the business activities in which an entity engages and the economic environments in which it operates. It does not differentiate between reportable or material operating segments and also does not limit disclosures to only those that satisfy quantitative guidelines.

Under AASB 8 the Objective Is to Provide Disclosures