Identify the Quantitative Thresholds in AASB 8 for Determining Whether

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The Answer is AASB 8 specifies quantitative thresholds to be used in determining whether an operating segment,or aggregated segment,is a reportable segment for which required information is to be disclosed (para.11).The quantitative thresholds are expressed as follows (para.13): An entity shall report separately information about an operating segment that meets any of the following quantitative thresholds: a()its reported revenue,including both sales to external customers and intersegment sales or transfers,is 10 per cent or more of the combined revenue,internal and external,of all operating segments; b()the absolute amount of its reported profit or loss is 10 per cent or more of the greater,in absolute amount,of c()its assets are 10 per cent or more of the combined assets of all operating segments.Operating segments that do not meet any of the quantitative thresholds may be considered reportable,and separately disclosed,if management believes that information about the segment would be useful to users of the financial statements.

Identify the Quantitative Thresholds in AASB 8 for Determining Whether

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Identify the Quantitative Thresholds in AASB 8 for Determining Whether

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