Reportable Segments – NBC Institute

CR – May 2023 – L3 – Q7b – Segment Reporting (IFRS 8)

Advise on reportable operating segments based on IFRS 8 criteria for Jafuwara PLC

Question

Jafuwara PLC is a public limited company trading in six business areas, each reported separately in its internal accounts provided to the Chief Operating Decision Maker (CODM). The results of these segments for the year ended December 31, 2021, are as follows:

Operating Segment Information as at Dec. 31, 2021

Required:

Draft a report addressed to the directors of Jafuwara PLC advising them on which of the operating segments constitute a ‘reportable’ operating segment for the year ended December 31, 2021, in accordance with IFRS 8. (7 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: CODM, IFRS 8, Operating segments, Reportable Segments
Level: Level 3

Topic: Segment Reporting (IFRS 8)

FR – March 2024 – L2 – Q2b – Financial Reporting Standards and Their Applications,

Explain the differences between operating segments and reportable segments as per IFRS 8.

Question

IFRS 8: Operating Segments requires particular classes of entities (essentially those with publicly traded securities) to disclose information about their operating segments. Information is based on internal management reports, both in the identification of operating segments and measurement of disclosed segment information. It applies to the separate or individual financial statements of an entity and to the consolidated financial statements of a group.

Required:
Distinguish between operating segments and reportable segments.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Reporting, IFRS 8, Operating segments, Reportable Segments
Level: Level 2

Topic: Financial Reporting Standards and Their Applications
Series: MAR 2024

CR – May 2023 – L3 – Q7b – Segment Reporting (IFRS 8)

Advise on reportable operating segments based on IFRS 8 criteria for Jafuwara PLC

Question

Operating Segment Information as at Dec. 31, 2021

Required:

Answer

Find Related Questions by Tags, levels, etc.

Tags: CODM, IFRS 8, Operating segments, Reportable Segments
Level: Level 3

Topic: Segment Reporting (IFRS 8)

FR – March 2024 – L2 – Q2b – Financial Reporting Standards and Their Applications,

Explain the differences between operating segments and reportable segments as per IFRS 8.

Question

Required:
Distinguish between operating segments and reportable segments.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Reporting, IFRS 8, Operating segments, Reportable Segments
Level: Level 2

Topic: Financial Reporting Standards and Their Applications
Series: MAR 2024

Question Tag: Reportable Segments

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

CR – May 2023 – L3 – Q7b – Segment Reporting (IFRS 8)

Advise on reportable operating segments based on IFRS 8 criteria for Jafuwara PLC

FR – March 2024 – L2 – Q2b – Financial Reporting Standards and Their Applications,

Explain the differences between operating segments and reportable segments as per IFRS 8.

CR – May 2023 – L3 – Q7b – Segment Reporting (IFRS 8)

Advise on reportable operating segments based on IFRS 8 criteria for Jafuwara PLC

FR – March 2024 – L2 – Q2b – Financial Reporting Standards and Their Applications,

Explain the differences between operating segments and reportable segments as per IFRS 8.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Reportable Segments

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

CR – May 2023 – L3 – Q7b – Segment Reporting (IFRS 8)

Advise on reportable operating segments based on IFRS 8 criteria for Jafuwara PLC

You're reporting an error for "CR – May 2023 – L3 – Q7b – Segment Reporting (IFRS 8)"

FR – March 2024 – L2 – Q2b – Financial Reporting Standards and Their Applications,

Explain the differences between operating segments and reportable segments as per IFRS 8.

You're reporting an error for "FR – March 2024 – L2 – Q2b – Financial Reporting Standards and Their Applications,"

CR – May 2023 – L3 – Q7b – Segment Reporting (IFRS 8)

Advise on reportable operating segments based on IFRS 8 criteria for Jafuwara PLC

You're reporting an error for "CR – May 2023 – L3 – Q7b – Segment Reporting (IFRS 8)"

FR – March 2024 – L2 – Q2b – Financial Reporting Standards and Their Applications,

Explain the differences between operating segments and reportable segments as per IFRS 8.

You're reporting an error for "FR – March 2024 – L2 – Q2b – Financial Reporting Standards and Their Applications,"

Our offerings

Contact Info

Customer

Get In Touch

admin