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Compiled AASB Standard  AASB 8

Operating Segments

This compiled Standard applies to annual periods beginning on or after 1 July 2021.  Earlier application is permitted for annual periods beginning on or after 1 January 2014 but before 1 July 2021.  It incorporates relevant amendments made up to and including 6 March 2020.
Prepared on 8 June 2021 by the staff of the Australian Accounting Standards Board.
Compilation no. 3
Compilation date:  30 June 2021

Obtaining copies of Accounting Standards
Compiled versions of Standards, original Standards and amending Standards (see Compilation Details) are available on the AASB website: www.aasb.gov.au.
Australian Accounting Standards Board
PO Box 204
Collins Street West
Victoria   8007
AUSTRALIA
Phone: (03) 9617 7600
E-mail: standard@aasb.gov.au
Website: www.aasb.gov.au

Other enquiries
Phone: (03) 9617 7600
E-mail: standard@aasb.gov.au

COPYRIGHT
© Commonwealth of Australia 2021
This compiled AASB Standard contains IFRS Foundation copyright material.  Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source.  Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to The National Director, Australian Accounting Standards Board, PO Box 204, Collins Street West, Victoria 8007.
All existing rights in this material are reserved outside Australia.  Reproduction outside Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use only.  Further information and requests for authorisation to reproduce for commercial purposes outside Australia should be addressed to the IFRS Foundation at www.ifrs.org.

Contents

COMPARISON WITH IFRS 8
ACCOUNTING STANDARD
AASB 8 OPERATING SEGMENTS

from paragraph
Core principle 1
Scope 2
Operating segments 5
Reportable segments 11
Aggregation criteria 12
Quantitative thresholds 13
Disclosure 20
General information 22
Information about profit or loss, assets and liabilities 23
Measurement 25
Reconciliations 28
Restatement of previously reported information 29
Entity-wide disclosures 31
Information about products and services 32
Information about geographical areas 33
Information about major customers 34
Transition and effective date 35
Withdrawal of IAS 14
Commencement of the legislative instrument
Withdrawal of AASB pronouncements Aus37.2
Appendices
A  Defined term
C  Australian simplified disclosures for Tier 2 entities
Compilation details
Deleted IFRS 8 text

available on the AASB website
Implementation guidance on IFRS 8
Basis for Conclusions on IFRS 8

Australian Accounting Standard AASB 8 Operating Segments (as amended) is set out in paragraphs 1 – Aus37.2 and Appendices A and C.  All the paragraphs have equal authority.  Paragraphs in bold type state the main principles.  AASB 8 is to be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation of Standards, which identifies the Australian Accounting Interpretations, and AASB 1057 Application of Australian Accounting Standards.  In the absence of explicit guidance,