Which of the followings are the requirements under IFRS 8?

Enues and expenses from internal and external customers.or preparing financial statements.
Leaning Objective 21.4 Briefly compare IFRS 8 with its predecessor standard IAS 14.
A) I, II, III.
B) II, IV, VI.
C) I, III, V.
D) II, III, VI.

Question

Which of the followings are the requirements under IFRS 8?

Enues and expenses from internal and external customers.or preparing financial statements.
Leaning Objective 21.4 Briefly compare IFRS 8 with its predecessor standard IAS 14.
A) I, II, III. 
B) II, IV, VI. 
C) I, III, V. 
D) II, III, VI.

Quizplus · Accepted Answer

IFRS 8 requires disclosure of operating segments, their performance measures, and the allocation of resources. The comparison with its predecessor standard IAS 14 shows that IFRS 8 is more principles-based, allows for greater judgement in determining operating segments, and requires disclosure of information about the basis of segmentation and the types of products and services provided by each operating segment. The requirements mentioned in option II and III are part of the general requirements for preparing financial statements and are not specific to IFRS 8.

Which of the Followings Are the Requirements Under IFRS 8