A reconciliation of the revenue, profit and loss and asset amounts presented for reportable segments to the respective consolidated amounts for the entity:
A)is not required if all segments are considered reportable.
B)is also required for other significant items presented by segments, such as depreciation and amortization.
C)is required only if the entity elects to use the management approach to determine its operating segments.
D)None of the above is correct.

Question

A reconciliation of the revenue, profit and loss and asset amounts presented for reportable segments to the respective consolidated amounts for the entity:
A)​is not required if all segments are considered reportable.
B)​is also required for other significant items presented by segments, such as depreciation and amortization.
C)​is required only if the entity elects to use the management approach to determine its operating segments.
D)​None of the above is correct.

Quizplus · Accepted Answer

A reconciliation of the revenue, profit and loss and asset amounts presented for reportable segments to the respective consolidated amounts for the entity is required for other significant items presented by segments, such as depreciation and amortization. It is mandated by IFRS 8 Operating Segments, regardless of whether the entity is using the management approach or the externally reported approach. Therefore, options A and C are incorrect, and option D is incorrect as it contradicts the above explanation.

A Reconciliation of the Revenue, Profit and Loss and Asset