IFRS 8 Segment Reporting

The project arose from the IASB's consideration of FASB Statement No.131 Disclosures about Segments of an Enterprise and Related Information (SFAS 131) issued in 1997, compared with IAS 14 Segment Reporting, which was issued in substantially its present form by the IASB's predecessor body, International Accounting Standards Committee, in 1997.

The objective of the project was to reduce differences in segment reporting between IFRSs and United States generally accepted accounting principles (US GAAP).