Which of the Followings Are the Requirements Under IFRS 8

question 24

Multiple Choice

Which of the followings are the requirements under IFRS 8? $$\begin{array} { | l | l | l | l | } \hline \text { I. } & \begin{array} { l } \text { Identifying primary and } \\\text { secondary segments. }\end{array} & \text { IV. } & \begin{array} { l } \text { ldentifying aperating segments based on } \\\text { predominant sources of risks and returns. }\end{array} \\\hline \text { II. } & \begin{array} { l } \text { Disclasure of reliance on major } \\\text { external customers. }\end{array} & \text { V. } & \begin{array} { l } \text { Preparing segment information in conformity with } \\\text { accounting policies for preparing financial } \\\text { statements. }\end{array} \\\hline \text { III. } & \begin{array} { l } \text { Disclosure of a measure of } \\\text { profit or loss and tatal assets. }\end{array} & \text { VI. } & \begin{array} { l } \text { Does nat distinguish between revenues and } \\\text { expenses from internal and external customers. }\end{array} \\\hline\end{array}$$ Leaning Objective 18.4 Briefly compare IFRS 8 with its predecessor standard IAS 14.

• A) I, II, III.
• B) II, IV, VI.
• C) I, III, V.
• D) II, III, VI.

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Definitions:

Trait Theories

A group of theories in psychology that focus on identifying and classifying individual personality characteristics or attributes.

Business Experience

Business experience refers to the practical understanding and knowledge gained from working in business environments, including managing operations, strategic planning, and decision-making.

Organizational Values

The fundamental beliefs and principles that guide an organization’s actions and decisions, reflecting its culture and priorities.

Leadership

The process of influencing and guiding others towards the achievement of shared goals, often involving aspects like vision, motivation, and the fostering of a supportive environment.