IFRS 8 - Operating Segments

IFRS 8 requires entities to disclose financial information about operating segments based on internal reports reviewed by the chief operating decision maker (CODM). It enhances transparency on business components.

IFRS 8 requires segment reporting based on internal reports reviewed by the chief operating decision maker, helping users understand performance and risks by business components.

- Used when applying IFRS/IAS requirements for recognition, measurement, presentation, or disclosure.
- Used to justify accounting treatments in working papers and financial statement notes.

- Example: When preparing year-end reporting, management applies **IFRS 8 - Operating Segments** to determine the correct IFRS treatment and disclosures.

- Why it matters: Ensures compliance with IFRS, improves comparability across periods and entities, and reduces financial reporting risk.