sameer
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What is advantages of the management approach for IFRS 8 exam?
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Doel Mehra
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The Board concluded that the advantages of the management approach, in particular the ability of entities to prepare segment information on a sufficiently timely basis for inclusion in interim financial reports, outweighed any disadvantages arising from the potential for segments to be reported in accordance with non-IFRS accounting policies.
Given the Board’s support for the principles of the management approach required by SFAS 131 and the objectives of the short-term convergence project, The Board decided that the simplest and most complete way to achieve convergence would be to use the text of SFAS 131 for the IFRS.
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