IASB’s Request for Information – Post-implementation Review: IFRS 8 Operating Segments

The International Accounting Standards Board (IASB) has published a Request for Information as part of its post-implementation review of IFRS 8 Operating Segments. The Request for Information seeks information and feedback on the effect of implementing IFRS 8 whether the standard provides useful information and the challenges and costs associated with implementing the standard.

In particular, the Request for Information is seeking information and feedback from constituents on the following:

  • The use of the management perspective;
  • The measurement of reported line items on a basis consistent with amounts reported to the chief operating decision maker (CODM);
  • The reporting of only those line items regularly reviewed by the CODM; and
  • Experience in preparing and using segment information under IFRS 8.

Comments on the above and any other matters in the Request for Information can be made to the New Zealand Accounting Standards Board (NZASB) addressed to the Chairman, New Zealand Accounting Standards Board, PO Box 11250, Manners Street Central, Wellington 6142, or by email to submissions@xrb.govt.nz. Comments can also be made electronically to the IASB website (www.ifrs.org), using the “Comment on a proposal” page. The NZASB would appreciate copies of submissions made directly to the IASB.

Comments are due to the NZASB by 19 October 2012 and to the IASB by 16 November 2012.

Read RFI Post-implementation Review: IFRS 8 Operating Segments

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