_____ Which of the following disclosed segment items need not be reconciled to the corresponding consolidated amount even though the item is included in the measure of profitability used by the CODM to manage the segment?
A) Interest expense.
B) Extraordinary items.
C) Depreciation expense.
D) Goodwill amortization expense.
E) None of the above.

Question

Quizplus · Accepted Answer

Under IFRS 8 Operating Segments, all significant segment items reported to the Chief Operating Decision Maker (CODM) must be reconciled to consolidated amounts, except for items that cannot be allocated on a reasonable basis. However, the options provided (interest expense, extraordinary items, depreciation expense, goodwill amortization expense) are typically allocable and reconcilable to consolidated amounts. The question specifies items that are included in the measure of profitability used by the CODM, implying they are already considered in segment reporting and thus should be reconcilable. Therefore, none of the options provided are exceptions to the reconciliation requirement.

_____ Which of the Following Disclosed Segment Items Need Not