AASB 8 - Operating Segments - February 2007
Comparison with IFRS 8Comparison with IFRS 8
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Comparison with IFRS 8
AASB 8 and IFRS 8
AASB 8 Operating Segments as amended incorporates IFRS 8 Operating Segments as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IFRS 8) are identified with the prefix “Aus”, followed by the number of the preceding IASB paragraph and decimal numbering. IFRS 8 text that has been deleted from this Standard (and does not affect IFRS compliance) is listed in a separate section after the Standard.
Compliance with IFRS 8
Entities that comply with AASB 8 as amended will simultaneously be in compliance with IFRS 8 as amended, with the exception of entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements.