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.

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Definitions:

Social Interest

A concept in Adlerian psychology referring to an individual's attitude towards and awareness of being a part of a community and contributing positively to it.

Social Interest

A concept introduced by Alfred Adler, referring to an individual's inclination to work with others for the common good.

Innate Potential

The natural capacity or ability inherent in an individual from birth.

Style Of Life

A concept in Adlerian psychology describing a person's unique way of achieving superiority and dealing with their environment and challenges.