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Which of the following developmental sequences is in correct order?
IFRS 8
An International Financial Reporting Standard that requires particular types of companies to disclose information regarding their operating segments, products and services, and geographical areas of operation.
Geographic Areas
Refers to specific locations or regions in which a company operates, often used for segment reporting or analyzing market performance.
Operating Segments
Components of a business that engage in distinct economic activities, generating revenues and incurring expenses, whose results are reviewed regularly by the entity’s decision-makers.
Consolidated External Revenues
The total revenue generated by a parent company and its subsidiaries, excluding transactions among them, reported in the consolidated financial statements.
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