Identification of operating segments in AASB 8 Operating Segments adopts a 'rules-based' approach,while its predecessor AASB 114 Segment Reporting adopts a 'principles-based' approach.

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AASB 8 Operating Segments adopts a 'principles-based' approach, focusing on the internal reports that management uses to make decisions, while its predecessor AASB 114 Segment Reporting was more prescriptive and could be considered more 'rules-based'.

Identification of Operating Segments in AASB 8 Operating Segments Adopts