AASB 8 Operating Segments Requires Reconciliation of Total Reportable Segment

question 63

True/False

AASB 8 Operating Segments requires reconciliation of total reportable segment revenues,total profit or loss,total assets,total liabilities and other amounts disclosed for reportable segments to the corresponding amounts shown in the parent entity's separate financial statements.

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Definitions:

Actually Received

Pertains to the actual physical possession or direct receipt of an item or information.

Disinterested Parties

Individuals or groups with no personal stake or financial interest in the outcome of a transaction or legal proceeding.

Price List

A document or display that lists the prices of goods or services a company offers for sale.

Agreement to Agree

An arrangement where parties agree to reach a future agreement on specific terms but have not yet agreed on all the terms.