Compared to AASB 114 Segment Reporting, AASB 8 Operating Segments

question 8

Multiple Choice

Compared to AASB 114 Segment Reporting, AASB 8 Operating Segments can be described as being:

• A) more closely aligned to other accounting standards;
• B) preferred in the European Union to its predecessor;
• C) less prescriptive;
• D) less onerous in terms of disclosure.

---

Definitions:

Service Fee Revenue

Income earned by a company for the provision of services to customers or clients.

Supplying Service

The act of providing services to clients or customers, as opposed to delivering physical goods.

Cost

The amount of money spent on the production or acquisition of a good or service.

Cash

A form of currency that can include bills, coins, and balances in bank accounts that are available for immediate use.