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.

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Definitions:

Reverse Transcriptase

An enzyme used by retroviruses to transcribe their RNA into DNA, allowing the viral DNA to be integrated into the host's genome, crucial in the replication of retroviruses including HIV.

RNA Template

A strand of RNA that serves as a guide for the synthesis of a complementary RNA or DNA molecule during transcription or replication.

Ribosome

Complex molecular machines in cells that synthesize proteins by translating messenger RNA into amino acid sequences.

Binding Sites

Specific regions on molecules (e.g., enzymes, receptors) where other molecules (e.g., substrates, ligands) can attach or bind.