Under IFRS 8 All Entities to Which the Standard Applies

question 23

Multiple Choice

Under IFRS 8 all entities to which the standard applies are required to disclose:

• A) a reconciliation of total segment expenses to total consolidated expenses;
• B) factors used to identify all segments;
• C) the basis of accounting for any transactions between reportable segments;
• D) a measure of segment liabilities.

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Definitions:

Open Market Operations

The buying and selling of government securities by a central bank in order to control the money supply and interest rates in the economy.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for loans received from the Federal Reserve's discount window.

Expansionary Monetary Policy

A form of monetary policy that aims to increase the money supply and lower interest rates to stimulate economic growth.

Net Exports

The value of a country’s total exports minus its total imports, which can indicate the country’s economic strength in international trade.