IPSAS 18: Segment Reporting
The objective of IPSAS 18 is to establish principles for reporting financial information by segments. The disclosure of this information will:
The IFRS on which the IPSAS is based
IAS 14, Segment Reporting (as revised 1997)
A segment is a distinguishable activity or group of activities of an entity for which it is appropriate to separately report financial information for the purpose of evaluating the entity's past performance in achieving its objectives and for making decisions about the future allocation of resources.
IPSAS 18 distinguishes between service segments and geographical segments. A service segment refers to a distinguishable component of an entity that is engaged in providing related outputs or achieving particular operating objectives consistent with the overall mission of each entity. A geographical segment is a distinguishable component of an entity that is engaged in providing outputs or achieving particular operating objectives within a particular geographical area.
An entity which prepares and presents financial statements under the accrual basis of accounting should apply IPSAS 18 in ...