International Financial Reporting Standard 18

• Issued: in 2024
• Effective date: 1 January 2027
• What it does:
  • It establishes the requirements for the presentation and disclosure of the information in the general purpose financial statements.
  • It prescribes the content of individual components of financial statements.
  • It provides guidance on how to present and disclose individual elements in the financial statements.
  • It replaces IAS 1 Presentation of Financial Statements.

• Summary of IFRS 18 Presentation and Disclosure in Financial Statements
• How to prepare the statement of changes in equity- step-by-step video tutorial.
• Top 4 changes in profit or loss under IFRS 18 - step-by-step video tutorial..
• Management-defined performance measures under IFRS 18 - with full video lecture

• Why should we present discontinued operations in new profit or loss statement under IFRS 18 AFTER income taxes? Is it logical and correct?
• How to determine specified main business activity and how does it affect the financial reporting?

• IFRS Kit - learn IFRS in 150+ videos, 150+ excel case studies, quizzes, certificates
• Expected Credit Loss for Accountants - highly specialized course focused on ECL under IFRS 9 with step-by-step example related to trade receivables, many practical insights included.

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