benefits of adopting the management approach

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Princy asked almost 2 years ago

What is benefits of adopting the management approach in SFAS 131on IFRS 8 exam ?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 nayana madwani answered almost 2 years ago

 the Board noted that the primary benefits of adopting the management approach in SFAS 131 are that 

  •  entities will report segments that correspond to internal management reports;
  •  entities will report segment information that will be more consistent with other parts of their annual report
  • some entities will report more segments; and   
  • entities will report more segment information in interim financial reports.

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