Particulars | IFRS | US GAAP | Indian GAAP |
Segment reporting accounting policies | Group accounting policies or entity accounting policies apply. | Internal financial reporting policies apply (even if accounting policies differ from group accounting policy). | Similar to IFRS |
Segment reporting disclosures | Disclosures for primary segment include revenues, segment results, capital expenditures (capex), total assets, total liabilities and other items. For secondary segment, revenues, total assets and capex are reported |
Similar disclosures to IFRS (primary segment) except liabilities and geographical capex are not required. Depreciation, amortisation, tax, interest and exceptional/ extraordinary items are disclosed if reported internally. Disclosure of factors used to identify segments is required. | Similar to IFRS with some exceptions. |
Discontinued operations definition | Operations and cash flows that can be clearly distinguished for financial reporting and represent a separate major line of business or geographical area of operations, or a subsidiary acquired exclusively with a view to resale. | Wider definition than IFRS: component that is clearly distinguishable operationally and for financial reporting can be: reporting segment, operating segment, ••reporting urrit:1 subsidiary or• asset grouping. |
Operations and cash flows that can be clearly distinguished for financial reporting and represent a separate major line of business or geographical area of operations, |
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