0
Author: |
Michael J Walker, CPA |
Course Length: |
Pages: 23 ||| Word Count: 6946 ||| Review Questions: 15 ||| Final Exam Questions: 8 |
CPE Credits: |
1.5 |
IRS Credits: |
0 |
Price: |
$13.45 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
Module 5 of the IFRS Learning Module series presents an overview of IFRS 8 Operating Segments, covering how to identify, aggregate, and disclose segment information in IFRS financial statements.
|
Frequently Asked Questions: |
|
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: |
17143 |
Release: |
2024 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: IFRS Learning Module 4: Inventories (Course Detail Page)
Internal: IFRS Learning Module 6: Earnings per Share (Course Detail Page)
External: IFRS 8 Operating Segments (Official IFRS Foundation Standard Page)
External: IFRS
|
Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
08-Jan-2026 |
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. |
Keywords: |
IFRS Learning Module 5: Segment Reporting - CPE course for CPAs |
Learning Objectives: |
Module Learning Objectives After studying this module participants should be able to:
|
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 entity’s 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 Glossary |
Login/Register