What is the advantages of IFRS 8, Financial Management

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What is the advantages of IFRS 8

Advantages

  • Allows users to view internal management's approach and highlights what's important from management's point of view.
  • Segments are less subjective if based on internal management structure.
  • Cost effective as information is produced for management accounts.
  • It's a consistent method as segments are reported in the same manner as the management discusses them in other parts of financial reporting.

 


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