IFRS requires segment reporting, and uses the management approach to identify reportable segments.

Name: IFRS requires segment reporting, and uses the management approach to identify reportable segments.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

IFRS does require segment reporting and uses the management approach to identify reportable segments. This approach considers the internal organization and reporting used by the entity's senior management for making strategic decisions.

IFRS Requires Segment Reporting, and Uses the Management Approach to Identify