alleryStart learning →Which is a characteristic of an operating segment under Ind AS 108?
AIt has audited accounts
BIt is a separate company
CCODM regularly reviews results
DIt earns external sales
Answer & Solution
Correct answer: C. CODM regularly reviews results
An operating segment's results are regularly reviewed by the CODM to allocate resources and assess performance.
Keep practising Ind AS 24 Related Party Disclosures and Ind AS 108 Operating Segments
Browse all Ind AS 24 Related Party Disclosures and Ind AS 108 Operating Segments questions for CA Final, or explore more Financialreporting topics.
Related questions
The core principle of Ind AS 108 is to help users evaluate the:Where equity-method investments sit in segment assets, the entity discloses:Which item is disclosed if in the decision maker's profit measure?Entities known to be under common control are treated, for major customers, as:Geographical non-current assets exclude:Geographical revenue must be shown for the country of domicile and:Which revenue must be reported for each product or service group?Entity-wide disclosures in paragraphs 32 to 34 apply to: