Summary of IFRS 8 - Operating Segement

This paper contributes to the discussion on IFRS 8 especially on its applicability within Nigeria business environment. The paper will give a summary of the standard and will critically look at the standard vis-à-vis decision making in an organization. Thereafter, the paper will discuss the reason why users of financial statements may find segment reports useful as required by the standard and then it concludes by analysing the scope of the standard, stating the entities required to prepare a segment reports.