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IFRS 18Presentation and Disclosure in Financial Statements

IFRS 18Chapter 1Lesson 1

IFRS 18 replaces IAS 1: what changes and what stays

Step 1 of 6Learning objectives

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IFRS 18 replaces IAS 1 for annual periods beginning on or after 1 January 2027. It deals with presentation and disclosure: the main change affects the statement of profit or loss, while the other primary statements are largely maintained.

25 minNot started

Learning objectives

  • Explain what IFRS 18 replaces and where its main change lies.
  • Distinguish the statement of profit or loss, which is restructured, from the other primary statements, which are largely maintained.
  • Place in the course the topics that the standard changes.

In this lesson

Original teaching content: it paraphrases the standard without reproducing it and does not replace the official text.

Contents — IFRS 18 — Presentation and Disclosure in Financial Statements

  1. 1 · Not startedIFRS 18 and IAS 1: the place of the new standard0 / 1 lesson
  2. 2 · Not startedThe five categories of income and expenses0 / 3 lessons
  3. 3 · Not startedThe required subtotals and profit for the period0 / 1 lesson
  4. 4 · Not startedEntities with specified main business activities0 / 1 lesson
  5. 5 · Not startedAggregation, disaggregation, labels and expenses by nature0 / 2 lessons
  6. 6 · Not startedManagement-defined performance measures0 / 2 lessons
  7. 7 · Not startedEffective date, EU endorsement and transition0 / 2 lessons
  8. 8 · Not startedConsequential amendments: IAS 7, IAS 33 and IAS 80 / 2 lessons