A geographical segment is defined in part by AASB 8 as being a distinguishable component of an entity engaged in providing products and services within a particular social and cultural environment.

Question

Quizplus · Accepted Answer

AASB 8 defines an operating segment, not a geographical segment, as a component of an entity that engages in business activities from which it may earn revenues and incur expenses. Geographical segments are considered within the context of segment reporting but are not defined in this way by AASB 8.

A Geographical Segment Is Defined in Part by AASB 8