What is the objective of segment reporting according to IFRS 8?

The objective of segment reporting according to IFRS 8 is to provide information about the different types of products and services, geographical areas, and business activities. This standard is designed to enhance transparency for users of financial statements by enabling them to better understand the performance of different segments of a business. By disclosing information that reflects how the business is managed and how resources are allocated, stakeholders can assess the risks and returns associated with different business areas.

This approach promotes a clearer view of how various segments contribute to the overall performance, which is essential for making informed economic decisions. Segment reporting under IFRS 8 allows investors and analysts to evaluate the financial effects of the company’s different operational segments, improving their ability to analyze the company's results and prospects effectively.

The other options focus on different aspects of financial analysis that do not align with the comprehensive objectives set forth by IFRS 8, which emphasizes the broad view of operational segments rather than cost details, geographic revenues alone, or a summary of expenses.