You are the CODM of Yellow Submarine Marine Manufacturing, a publicly traded entity in Southampton, England. Your entity has 2 segments - the submarine segment and the yacht segment. You don't have to reconcile these reportable segments' revenues to Yellow Submarine's total revenue on your financial statements.

Question

Quizplus · Accepted Answer

IFRS 8 Operating Segments requires an entity to reconcile the total of the reportable segments' revenues to the entity's total revenue. This ensures transparency and provides a clear understanding of how segment revenues contribute to the total revenue of the entity.

You Are the CODM of Yellow Submarine Marine Manufacturing, a Publicly