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The objective of this Standard is to:
(a) specify how an entity should report information about its
operating segments in annual financial statements and requires an
entity to report selected information about its operating segments
in interim financial reports. It also sets out requirements for
related disclosures about products and services, geographical areas
and major customers.
(b) require an entity to report financial and descriptive
information about its reportable segments.
(c) require an entity to report a measure of operating segment
profit or loss and of segment assets. It also requires an entity to
report a measure of segment liabilities and particular income and
expense items if such measures are regularly provided to the chief
operating decision maker. It requires reconciliations of total
reportable segment revenues, total profit or loss, total assets,
liabilities and other amounts disclosed for reportable segments to
corresponding amounts in the entity’s financial statements.
(d) require an entity to report information about the revenues
derived from its products or services (or groups of similar products
and services), about the countries in which it earns revenues and
holds assets, and about major customers, regardless of whether that
information is used by management in making operating decisions.
(e) require an entity to give descriptive information about the way
the operating segments were determined, the products and services
provided by the segments, differences between the measurements used
in reporting segment information and those used in the entity’s
financial statements, and changes in the measurement of segment
amounts from period to period. |
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