Viewpoints: Segment reporting (Oil & gas)

Better understand the International Financial Reporting Standards (IFRS) requirements and options related to segmented financial reporting for an oil and gas entity.

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IFRS 8 Operating Segments sets out certain disclosure requirements for organizations relating to its operating segments, products and services, geographical area of operation and major customers.

To learn more about segmented reporting and how it applies to an oil and gas entity, read Viewpoints: Applying IFRSs in the Oil and Gas Industry — Segment Reporting.

What you will learn

Developed jointly by Chartered Professional Accountants of Canada (CPA Canada), the Canadian Association of Petroleum Producers and the Explorers and Producers Association of Canada, this paper addresses topics such as:
  • the scope of IFRS 8
  • the distinction between an operating versus reportable segment
  • identifying the chief operating decision maker
  • identifying an operating segment
  • reporting segmented information
  • disclosure of judgments
  • issues identified by Canadian Securities Administrators relating to segment disclosures


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