CODM refers to:
Leaning Objective 21.4 Briefly compare IFRS 8 with its predecessor standard IAS 14.
A) Chief Of Divisional Management;
B) Chief Operating Decision Maker;
C) Company Operational Documentation Manual;
D) Company Official Director Meeting.

Question

Quizplus · Accepted Answer

CODM in IFRS 8 stands for Chief Operating Decision Maker, which is a significant change from the previous standard IAS 14, which used the term "segment manager." IAS 14 also focused on a company's overall performance, while IFRS 8 requires companies to report segmental financial information based on how management makes decisions about resource allocation and performance evaluation.

CODM Refers To: Leaning Objective 21.4 Briefly Compare IFRS 8 with Its Predecessor