The chief operating decision maker (CODM) regularly reviews non-IFRS information that is subsequently used in allocating resources to reportable segments and assessing performance. Consequently, the information is not permitted in the financial statements under IFRS.

Question

Quizplus · Accepted Answer

IFRS allows the inclusion of non-IFRS measures in financial statements if they are used by the CODM for making operational decisions, as long as these measures are reconciled to the nearest IFRS measure.

The Chief Operating Decision Maker (CODM) Regularly Reviews Non-IFRS Information