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(PDF) Quick Reference on Ind AS 108, Operating Segments

Download Quick Reference on Indian Accounting Standard (Ind AS) 108, Operating Segments


Ind AS 108: Operating Segments

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.

The Standard requires an entity to report financial and descriptive information about its reportable segments. Reportable segments are operating segments or aggregations of operating segments that meet specified criteria. Operating segments are components of an entity that engages in business activities, whose operating results are regularly reviewed by the chief operating decision maker (CODM) for allocation of resources and assessment of performance and for which discrete financial information is available. Generally, financial information is required to be reported on the same basis as is used internally for evaluating operating segment performance and deciding how to allocate resources to operating segments. The start-up operations which is yet to earn revenues may also be a operating segment.

If the entity chooses to disclose information in regard to segments which do not meet with the defination of this Standard, the entity shall not describe such information as segment information.

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