Final answer:
U.S. GAAP allows companies to identify segments based on management discretion, which could include factors such as geographic location and products/services.
Step-by-step explanation:
Under U.S. GAAP (Generally Accepted Accounting Principles), segments are identified based on management discretion. This means that companies have the flexibility to define their segments based on how they manage their business operations.
The management may choose to identify segments based on various factors, such as geographic location (if they operate in different regions), products and services (if they have distinct lines of business), or other factors that they believe are relevant for analyzing and making decisions about their business.
For example, a company that operates in multiple countries may identify segments based on the geographic location to assess the performance and growth opportunities in each region separately.
Under IFRS, intangible assets attributable to geographic segments are not specifically required to be disclosed. IFRS 8, which governs segment reporting, focuses on disclosing information about an entity's operating segments based on the information that is used internally by management to make operating decisions and allocate resources. The disclosure requirements in IFRS 8 primarily relate to revenue, profit or loss, total assets, and certain other specified items.