alleryStart learning →The chief operating decision maker in Ind AS 108 is best described as:
AA function, not a fixed title
BAlways the CEO alone
CAlways the board chairman
DAlways the lead auditor
Answer & Solution
Correct answer: A. A function, not a fixed title
The CODM identifies a function of allocating resources and assessing segment performance, not a specific title.
Keep practising Ind AS 24 Related Party Disclosures and Ind AS 108 Operating Segments
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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: