Clarify from the interviewer what they mean. Are they asking you for specific directions of Ind AS 108, or a general discussion on policies. If the former, check the detailed answer on Ind AS 108. Else use this answer.
As per Ind AS 108, the accounting policies used for segment reporting should be consistent with those used for internal reporting purposes.
The following accounting policies are typically used for segment reporting:
1.Revenue recognition policies
2.Depreciation policies
3.Amortization policies
4.Provision for impairment policies
5.Inventory valuation policies
6.Policies for recognizing gains or losses on the disposal of assets
7.Policies for recognizing foreign exchange gains or losses
8.Policies for recognizing fair value adjustments
These policies should be disclosed in the financial statements along with a description of the segments and their performance. Additionally, any changes in these policies should be disclosed in the period in which they are made.
