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In this newsletter, we look at the following topic:
HKFRS 8 Operating segments
HKFRS 8 aligns the identification and reporting of operating segments with internal management reporting. Segment reporting under HKFRS 8 should highlight information and measures that management believes are important and are used to make key decisions. It should also provide a better link between the financial statements and the information reported in management commentaries. The standard converges with US Accounting Standard SFAS 131 Disclosure about Segments of an Enterprise and Related Information. This newsletter glances at HKFRS 8, explains the key implementation issues and what needs to be done at first-time adoption of this standard.
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Read more by downloading our HKFRS News - Nov 2008 (pdf file, 295KB) for your reference.
Note: HKFRS has converged with IFRS effective from 1 January 2005. Contents contained in this newsletter are relevant to both HKFRS preparers and IFRS preparers.
Other Issues of HKFRS News
Accounting and Listing Rules Updates | 
