Compared to IAS 14 Segment Reporting, IFRS 8 Operating Segments

question 27

Multiple Choice

Compared to IAS 14 Segment Reporting, IFRS 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:

Rich Nations

Countries with high levels of wealth, income, and economic productivity per capita.

Population Growth

The increase in the number of individuals in a population, often considered for a specific area and time period.

Food Supply

The total amount of food available for consumption by a population, affecting nutritional status and food security.

Thomas Malthus

An English scholar known for his theories on population growth and its impacts on resources.