The continuous increase of internationally active companies in recent decades has been marked by several differences in reported information, in particular in the domain of financial reporting. This meant that the ability to compare end-of-year statements became almost impossible for balance sheet readers outside of individual companies. With this problem, international standard setters have set themselves the task of establishing a uniform accounting system for capital market oriented companies. In Europe, in the year 2005, the International Financial Reporting Standards (IFRS) came into force for this end. In addition to the framework concept and the interpretations, the IFRS rules include numerous standards which focus on accounting and evaluation in various business sectors. In the framework of this work, the special domain of segment reporting (IAS 14 and IFRS 8) in particular is discussed. The primary aim here is to display the strategic aspects which arise with the application of the standards. The management approach which has been largely assumed by the American accounting system, receives a lot of attention as far as this is concerned. It can be assumed on principle that, for external addresses, segment reporting primarily has an information function. For this reason, aggregated company data that is prepared in consolidated financial statements is divided during the segmentation stage. With such a disaggregation, investors, analysts and competitors are better able to judge the current economic situation and future revenue sources. The application of the Management Approach imposes many challenges on the management of several companies, which are displayed in the framework of this work. Given that the publication of specific information is known to require a lot of effort, companies are expected to apply careful consideration as to how they will communicate their internal data to the outside world.