Ind AS 108 requires segment profit or loss to be reported on which basis?
ATax authority measure
BMeasure reported to CODM
CMarket value measure
DAuditor's chosen basis
Answer & Solution
Correct answer: B. Measure reported to CODM
Each segment item is the measure reported to the CODM for resource allocation and performance assessment.
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: