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Educational Material on Ind AS 108 Operating Segments

Ind AS 108 Operating Segments :  Ind AS 108 Under international financial reporting standards, an operating segment is a component of an entity that is a profit centre, that has discrete financial information available, and whose results are reviewed regularly by the entity’s chief operating decision maker for purposes of performance assessment and resource allocation. An operating segment generally has a segment manager who is  accountable to the chief operating decision maker for the results of the segment. An entity’s corporate headquarters is not considered an operating segment, nor are an entity’s post-employment benefit plans.

Educational Material on Ind AS 108 Operating Segments

Ind AS 108 Operating Segments : Indian Accounting Standard (Ind AS) 108, Operating Segments, requires to follow the management approach to disclose information about operating segments. It requires an entity to disclose information to enable users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates. The Educational Material on Ind AS 108 contains summary of Ind AS 108 discussing the key requirements of the Standard in brief and Frequently Asked Questions (FAQs) on issues which are expected to be encountered while implementing this Standard. The text of Ind AS 108 and significant differences between Ind AS 108 and AS 17 have been included as Appendices to make this Educational Material comprehensive.

Educational Material on Ind AS 108 Operating Segments

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Ind AS 108 Operating Segments : Operating segments are components of a company. In general, the purpose of segment disclosures is to provide information that enables users of the financial statements to evaluate the nature and financial effects of business activities and the economic environment. The identification of an entity’s operating segments is the key factor in determining the level of information included in the segment disclosures. Under the old rule, entity-wide disclosures are required based on business and geographical reporting. Segments are classified as either primary or secondary, and disclosure requirements for secondary reporting segments are less detailed than those for primary reporting segments.

Core principle 

An entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates.

Scope 

1) This Accounting Standard shall apply to companies to which Indian Accounting Standards (Ind AS) notified under the Companies Act apply.

2) If an entity that is not required to apply this Indian Accounting Standard chooses to disclose information about segments that does not comply with this Indian Accounting Standard, it shall not describe the information as segment information.

3) If a financial report contains both the consolidated financial statements of a parent that is within the scope of this Indian Accounting Standard as well as the parent’s separate financial statements, segment.

Relevant link to download the Educational Material: Ind AS  108 Operating Segments

Educational Material on Ind AS 108 Operating Segments 

Ind AS Related all Posts :

Educational Material on Ind AS 101 First-Time Adoption of Indian Accounting Standards

Educational Material on Ind AS 102 Share Based Payment

Educational Material on Ind AS 103 Business Combinations

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Educational Material on Ind AS 105 Non current Assets Held for Sale and Discontinued Operations

Educational Material on Ind AS 106 Exploration for and Evaluation of Mineral Resources

Educational Material on Ind AS 107 Financial Instruments : Disclosures

Educational Material on Ind AS 1 Presentation of Financial Statements

Educational Material on Ind AS 2 Inventories Complete Information

Educational Material on Ind AS 7 Statement of Cash Flows

Educational Material on Ind AS 8 Accounting Policies, Changes in Accounting Estimates and Errors

Educational Material on Ind AS 10 Events after the Reporting Period

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Educational Material on Ind AS 12 Income Taxes

Educational Material on Ind AS 16 Property, Plant and Equipment

Educational Material on Ind AS 17 Leases

Educational Material on Ind AS 18 Revenue

Educational Material on Ind AS 19 Employee Benefits

Educational Material on Ind AS 20 Accounting for Government Grants and Disclosure of Government Assistance

Educational Material on Ind AS 21 The Effects of Changes in Foreign Exchange Rates

Educational Material on Ind AS 23 Borrowing Costs

Educational Material on Ind AS 24 Related Party Disclosures

Educational Material on Ind AS 27 Consolidated and Separate Financial Statements

Educational Material on Ind AS 28 Investments in Associates

Educational Material on Ind AS 29 Financial Reporting in Hyper-inflationary Economies

Educational Material on Ind AS 31 Interests in Joint Ventures

Educational Material on Ind AS 32 Financial Instruments and Presentation

Educational Material on Ind AS 33 Earnings per Share

Educational Material on Ind AS 34 Interim Financial Reporting

Educational Material on Ind AS 36 Impairment of Assets

Educational Material on Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets

Educational Material on Ind AS 38 Intangible Assets

Educational Material on Ind AS 39 Financial Instruments: Recognition and Measurement

Educational Material on Ind AS 40 Investment Property

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Educational Material on Ind AS 108 Operating Segments

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Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
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