The publication of a new IFRS Accounting Standard is always a big deal, but IFRS 18 is bigger than most, because it is about the presentation of financial statements and so affects everyone who uses IFRS. This technical briefing explores the key details of the new standard and takes a look at what changes it will bring in its wake, and how those could affect you and your organisation or clients.
Contents List | 2 |
Why the need for IFRS 18 | 4 |
The structure of the statement of profit or loss | 6 |
Changes to required disclosures | 10 |
Management Performance Measures | 11 |
Required inclusion in the financial statements | 12 |
Aggregation and disaggregation of key numbers | 14 |
How does this work in practice? | 16 |
Summary | 18 |
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