This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IASB proposes amendments to guidance on operating segments

  • IASB document Image

Mar 29, 2017

The IASB has published for public comment an exposure draft (ED) that would amend the guidance in IFRS 8, “Operating Segments.”

The amendments would:

  • “[C]larify and emphasise the criteria that must be met before two operating segments may be aggregated.”
  • “[R]equire companies to disclose the title and role of the person or group that performs the function of the chief operating decision maker.”
  • “[R]equire companies to provide information in the notes to the financial statements if segments in the financial statements differ from segments reported elsewhere in the annual report and in accompanying materials.”

The ED would also amend the guidance in IAS 34 on interim financial reporting to “require companies that change their segments to provide restated segment information for prior interim periods earlier than they currently do.”

Comments on the ED are due by July 31, 2017. For more information, see the press release and ED on the IASB’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.