IFRS 8 provides a framework that aligns external reporting with internal management practices through its emphasis on segment performance measurement. By requiring disclosures based on what is reported to the CODM, IFRS 8 enhances the relevance of financial information while necessitating clear communication about how these figures are derived. As we navigate through complex financial landscapes, adhering to these principles ensures that what gets measured indeed gets managed effectively.
#IFRS8 #Accountingclubs
https://accountingclubs.livepositively.com/enhancing-transparency-the-importance-of-segment-performance-measurement-under-ifrs-8/
#IFRS8 #Accountingclubs
https://accountingclubs.livepositively.com/enhancing-transparency-the-importance-of-segment-performance-measurement-under-ifrs-8/
IFRS 8 provides a framework that aligns external reporting with internal management practices through its emphasis on segment performance measurement. By requiring disclosures based on what is reported to the CODM, IFRS 8 enhances the relevance of financial information while necessitating clear communication about how these figures are derived. As we navigate through complex financial landscapes, adhering to these principles ensures that what gets measured indeed gets managed effectively.
#IFRS8 #Accountingclubs
https://accountingclubs.livepositively.com/enhancing-transparency-the-importance-of-segment-performance-measurement-under-ifrs-8/
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