alleryStart learning →The core principle of Ind AS 108 is to help users evaluate the:
ANature and financial effects
BShare price movements
CTax liability positions
DAudit risk exposures
Answer & Solution
Correct answer: A. Nature and financial effects
The entity discloses information so users can evaluate the nature and financial effects of its business activities and the economic environments in which it operates.
Keep practising Ind AS 24 Related Party Disclosures and Ind AS 108 Operating Segments
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Related questions
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:The internal structure changes so reportable segments change. Earlier periods are: