Not surprisingly, the timing of this movement corresponded to a period of significant corporate merger and acquisition activity. Introduction to Segment Reporting: To facilitate the analysis and evaluation of financial data, in the 1960s several groups began to push the accounting profession to require disclosure of segment information. Latest edition: KPMG’s updated guidance on and interpretation of ASC 280, Segment Reporting – with analysis, Q&As and examples. IFRS 8 arises from the IASB's comparison of IAS 14 with the US standard SFAS 131, Disclosures about Segments of an Enterprise and Related Information . The documents only contain segment information when document splitting is activated with the Segment characteristic. Early application is permitted. As part of the convergence effort between IFRS and U.S. GAAP, the International Accounting Standards Board published IFRS 8, Operating Segments, which became effective Jan 1.IFRS 8 supersedes IAS 14, Segment Reporting, and closely resembles the “through the eyes of management” approach of FASB Statement no. viii Deloitte A Roadmap to Segment Reporting (2020) Chapter 6 — SEC Reporting Considerations 66 6.1 Overview 66 6.2 Disclosures Within the Business Section 66 6.3 MD&A of Financial Condition and Results of Operations (SEC Regulation S-K, Item 303) 69 Mit dem Endorsement von IFRS 8 \"Operative Segmente\" (Operating Segments) wurde bereits Mitte 2007 der letzte Schritt eines Paradigmenwechsels in der Segmentberichterstattung vollzogen. (eBook epub) - bei eBook.de The results show that firms report on average more segment information. This IFRS supersedes IAS 14 Segment Reporting. Asset and liability items are not reported separately by segment. Therefore, this study analyzes the impact of IFRS 8 on segment reporting practice and its economic consequences. GEPRÜFTES WISSEN 1. Reportable segments are operating segments or aggregations of operating segments that meet specified criteria: [IFRS 8.13], Two or more operating segments may be aggregated into a single operating segment if aggregation is consistent with the core principles of the standard, the segments have similar economic characteristics and are similar in various prescribed respects. Geschäftssegment im Sinne des IFRS 8 ist ein Unternehmensbestandteil, der Geschäftstätigkeiten zur Erwirtschaftung von Umsatzerlösen betreibt, dessen Betriebsergebnisse regelmäßig von der Geschäftsführung überprüft werden und für den separate Finanzinformationen vorliegen (IFRS 8.5). Published July 2010. Damit soll bes. 6 These potentials and arguments are affected by many users and preparers, as well This step, however, was heavily criticized and several questions regarding IFRS 8 still remain unanswered. eine Erhöhung der Transparenz des unternehmensspezifischen Chancen- und Risikoprofils erreicht werden, um den (potenziellen) Investoren eine bessere Beurteilung der Unternehmensentwicklung zu ermöglichen. ASC Topic 280. Hierbei definiert IFRS 8.5 ein Geschäftssegment als Unternehmensbestandteil, der a) Geschäftstätigkeiten betreibt, mit denen Umsatzerlöse erwirtschaftet werden und bei denen Aufwendungen anfallen, b) dessen Betriebsergebnisse regelmäßig von der verantwortlichen Unternehmensinstanz in Hinblick auf Entscheidungen über die Allokation von Ressourcen zu diesem Segment und die Bewertung seiner Ertragskraft überprüft werden, und c) für den separate Finanzinformationen vorliegen.Vgl. 3. Information is based on internal management reports, both in the identification of operating segments and measurement of disclosed segment information. Lexikon online, vollständig kostenlos von A-Z, SpringerProfessional.de - Digitale Fachbibliothek. Each word should be on a separate line. Internal reporting is based on the IFRS reporting standards in general. Recognize the process for identifying operating segments under IFRS 8. The conclusion in the report was that a swift endorsement of IFRS 8 would remove uncertainty about the treatment of financial statements for the year ended 31st December 2007 and support the EU's overarching objective of IFRSs being recognised in all jurisdictions, including the US, without … The IFRS In-Depth series provides a comprehensive understanding of various topics related to International Financial Reporting Standards (IFRS), the global accounting principles that provide the foundation for most of the world’s financial reporting. Applicability. 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