According to IFRS 8 (Segment Reporting), which is NOT one of the three criteria for defining an operating segment?
A)An operating segment can't merely be a lessor.
B)An operating segment is a component of a business that generates revenues.
C)An operating segment is a component of a business whose operating results are regularly reviewed by the chief operating officer.
D)An operating segment has separate financial information available.

Question

Quizplus · Accepted Answer

The criteria for defining an operating segment according to IFRS 8 are: (1) the component of the business generates revenues and incurs expenses, (2) the chief operating officer regularly reviews the segment's operating results, and (3) separate financial information is available for the segment. The fact that an operating segment can't merely be a lessor is not one of the criteria.

According to IFRS 8 (Segment Reporting), Which Is NOT One