The FASB asked whether segment reporting is an area that should be considered for improvement and also provided some alternative presentations for consideration. Deloitte resources Special edition newsletter. Scope. Segment reporting — Convergence issues; Info. Deloitte has published a Special edition IAS Plus newsletter explaining the requirements of IFRS 8 and what has changed from IAS 14 Segment Reporting. It requires disclosures for 'primary' and 'secondary' segment reporting formats, with the primary format based on whether the entity's risks and returns are affected predominantly by the products and services it produces or by the fact that it operates in different geographical areas. At that time, the global economy was relatively stable IAS 14 requires reporting of financial information by business or geographical area. iv Contents Prefaceix Contacts x Chapter 1 — Overview and Scope 1 ... Deloitte oadma to maiments and isosals o onied ssets and iscontinued eations 22 3.4 Including Specific Items in a Disposal Group 62 Anticipating tomorrow’s complex issues and new strategies is a challenge. ... Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms and their related entities. He also has extensive experience in SEC reporting and in serving public companies with significant global operations. segment, according to the perceptions of Corporate Wellness and H&F centers that partner with them. The report contains a variety of information derived from publicly available sources. DTTL (also referred to as "Deloitte Global") and each of its member firms are legally separate and independent entities. Deloitte Touche Tohmatsu Australia offers the following range of audit, tax, and advisory services: Audit & Assurance - Provision of external audit, financial reporting and accounting services. Under IFRS 8, there are three situations in which a business segment must be detailed in accounts. Deloitte Touche Tohmatsu is one of the world’s leading professional services organisations. Deloitte’s Center for Health Solutions recently surveyed 4,530 U.S. consumers to assess their behaviors and preferences when making health care decisions. Dbriefs offers live webcasts featuring practical knowledge from Deloitte specialists. The first is if it makes up 10% of more of the company's total revenue. Patrick oversees all of Deloitte’s services provided to mutual funds, hedge funds, private equity, and private wealth clients. Patrick is a Deloitte vice chairman and leads the Investment Management practice in the United States. Segment reporting is the practice of breaking down accounts in an annual report. The survey, which explores themes such as technology use, wellness behavior, and health care utilization, finds that consumers generally fall into one of four groups. Deloitte offers four main services - audit and enterprise risk services, consulting, tax and financial advisory. It was issued in November 2006. Segment Reporting Share-Based Payment Awards Statement of Cash Flows. Consulting - Provision of services relating to strategy implementation, human capital, and technology, for both public and private sector clients. Plus, earn CPE credit – from the convenience of your desk. The Deloitte team has not audited or otherwise performed any assurance or verification work in connection with preparing this report. Reach new heights with Dbriefs—live webcasts that give you valuable insights on important developments affecting your business. Segment reporting An opportunity to explain the business IFRS 8 is the new international accounting standard that requires companies to give disclosures about their ‘operating segments’. Summary of IFRS 8. 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