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IFRS 18 introduces • Three new defined categories to provide a consistent structure of the statement of profit or loss: • operating • investing • financing • Two new required subtotals to enable analysis: • operating profit • profit before financing and taxes
• IFRS 18 Presentation and Disclosure in Financial Statements • Basis for Conclusions • Illustrative Examples and supporting materials • Effects analysis • Project summary • Feedback statement • Reference material • IFRS 18 on one page
IFRS 18 brings three categories of income and expenses, two income statement subtotals and one single note on management performance measures. These, combined with enhanced disaggregation guidance, set the stage for better and more consistent information for users – and will affect all companies.”.
These Illustrative Examples accompany IFRS 18 Presentation and Disclosure in Financial Statements (published April 2024; see separate booklet) and are issued by the International Accounting Standards Board (IASB).
1S 18 at a glance IFR 1.1 Key impacts IFRS 18 replaces IAS 1 Presentation of Financial Statements. 1. The impacts of the new standard are pervasive. Many aspects of financial statement presentation and disclosure will be affected, particularly the income statement. The key impacts of IFRS 18 can be summarised as follows.
9 kwi 2024 · IFRS 18: Presentation and Disclosure in Financial Statements. Objective (para. 1) Scope (paras. 2-8) General requirements for financial statements (paras. 9-40) Aggregation and disaggregation (paras. 41-45) Statement of profit or loss (paras. 46-85) Statement presenting comprehensive income (paras. 86-95) Statement of financial position (paras ...
12 kwi 2024 · IFRS 18 includes requirements for all entities applying IFRS for the presentation and disclosure of information in financial statements. IFRS 18 was issued in April 2024 and applies to an annual reporting period beginning on or after 1 January 2027.
