AASB 8 Prescribes That an Operating Segment Must Be Identified

question 7

Multiple Choice

AASB 8 prescribes that an operating segment must be identified on the basis of:

• A) geographic location;
• B) predominant sources of risks and returns;
• C) the way information is reported internally to the CODM;
• D) the usefulness of financial information available to users.

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Definitions:

Multiple Goals

The pursuit of more than one objective or aim by an individual or organization, often requiring balancing and prioritization.

Organizational Communication

The study and practice of communication within organizations, focusing on the flow of information and the dynamics of interpersonal relationships among members to achieve organizational goals.

Interconnected

Relating to elements or systems linked with each other directly or indirectly, affecting or being affected by one another.

Entire System

A complete and comprehensive structure or entity comprised of interconnected parts working together.