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IFRS Learning Module 5: Segment Reporting (Course Id 366)

Updated / QAS / Registry
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Author : Michael J Walker, CPA
Course Length : Pages: 23 ||| Review Questions: 15 ||| Final Exam Questions: 15
CPE Credits : 3.0
IRS Credits : 0
Price : $26.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 366

Description :

IFRS 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.

Usage Rank : 0
Release : 2023
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 08-Sep-2023
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - 366

Keywords : Accounting, IFRS, Learning, Module 5, Segment, Reporting, cpe, cpa, online course
Learning Objectives :

Module Learning Objectives

After studying this module participants should be able to:
  • 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.
Course Contents :

Module 5:  Segment Reporting

1.0   Introduction to IFRS 8

1.1   Objective & core principle

1.2   Scope

2.0   Identifying Operating Segments

2.1   Identifying the chief operating decision maker

2.2   Identifying the entitys business activities

2.3   Determining whether discrete financial information is available

2.4   Reviewing discrete financial information regularly

2.5   Matrix organizations

3.0   Identifying and Aggregating Reportable Segments

3.1   Aggregating operating segments

3.2   Applying quantitative thresholds for reportable segments

3.3   Establishing the minimum number of reportable segments (the 75% test)

3.4   Completing the aggregation process

4.0   Disclosures (Segment)

4.1   General information

4.2   Quantitative information about profit or loss, assets and liabilities

4.3   Measurement policies

4.4   Reconciliations

5.0   Disclosures (Entity-wide)

5.1   Information about products and services

5.2   Information about geographical areas

5.3   Information about major customers

6.0   IFRS & U.S. GAAP Convergence

6.1   ASC 280 Segment Reporting

6.2   IFRS 8 & ASC 280: Similarities and differences

7.0   Module Summary



CPE Accounting Course: https://www.cpethink.com/ifrs-cpe-for-cpas
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