Course Information

FRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements.

Module 5 of the IFRS Learning Module series presents an overview of IFRS 8 Operating Segments; this overview includes a detailed discussion of the processes for identifying, aggregating and reporting operating segments in IFRS financial statements. The course also discusses the IASB’s and FASB’s efforts towards achieving convergence in segment reporting.

• Explain the process for identifying operating segments under IFRS 8.
• Identify reportable segments based on the guidelines and quantitative thresholds provided in IFRS 8.
• Describe the disclosure requirements of IFRS 8.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of segment reporting.