IFRS 8 Operating Segments is primarily a:
A) disclosure standard;
B) measurement standard;
C) definition standard;
D) conceptual standard.

Question

Quizplus · Accepted Answer

IFRS 8 is primarily a disclosure standard that requires entities to disclose information about their operating segments, including revenue earned, profit or loss, assets and liabilities, and other measures of performance. It does not provide specific guidance on how to measure or define operating segments, but rather focuses on the disclosure requirements to enable users to better evaluate an entity's performance and financial position.

IFRS 8 Operating Segments Is Primarily A