1. Define operating segments & explain the term 'Chief Operating Decision Maker'. 2. Explain the "aggregation" of two or more operating segments to constitute a "single operating segment". 3. Discuss the quantitative threshold of identifying an operating segment? 4. Explain the "75% of the entity revenue" threshold of identifying operating segments. 5. Discuss the disclosure requirement of IFRS 8. 6. Explain criticism and IFRS8 analysis points. 7. AB Ltd, a private limited company that has the following business segments which are reported in its financial statements. AB Ltd is an international car manufacturing group which reports to management on the basis of regions for the internal reporting purposes. It does not currently report segmental information as required by IFRS 8 Operating segments. The results of the regional segments for the year ended 31 December 2018 are as follows. Region South Asia East Asia Middle East External $m 200 800 1,000 Segment Internal Sm 6 4 10 Segment Profit/(Loss) $m (20) 120 210 Segment Assets $m 600 1,600 4,000 Required Explain the requirements in IFRS 8 Operating segments for the determination of a company's reportable operating segments and how these requirements would be applied for AB Ltd using the information given above in the financial statements for the year ended 31 December 2018. 8. An entity has identified the following business components External Revenue Internal Revenue Profit Assets A 220 60 60 5,000 B 300 15 50 4,000 C 75 20 300 D 55 5 -11 300 TEK28-06EBVLING ZECWEN12 E 60 10 14 400 F 710 90 133 10,000 Required Explain the requirements in IFRS 8 Operating segments for the determination of a company's reportable operating segments and which of the segments A-E should be reported upon? CH