IFRS 18 Management-Defined Performance Measures (with video and example)
What are management-defined performance measures, the new requirement in IFRS 18? The guidance in IFRS 18 related to MPMs is quite extensive, however, in my humble opinion, most “outside-financial statements” measures will not meet the definition of MPM in IFRS 18. As a result, no…
Top 4 Changes in Profit or Loss Statement under IFRS 18 (with video)
The new standard IFRS 18 brought a few significant changes in the financial reporting, especially in profit or loss statement. Let’s examine the top four of them and illustrate them on simple examples. #1 New categories of income and expenses under IFRS 18 Under…
How to Prepare Statement of Changes in Equity under IFRS 18 (with excel and video)
As the new IFRS 18 has been adopted, it might bring a bit of turmoil to some accountants who might need to change the structure of their accounts to adjust to the new requirements. The good news is that the rules for the statement of…
IFRS 18 Presentation and Disclosure in Financial Statements: summary
IFRS 18 was issued in 2024 and is mandatorily applicable for the period starting on or after 1 January 2027, with earlier application permitted. However, please watch out because we need to apply IFRS 18 retrospectively, with the restatement of the comparative period. It means…
