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IFRS 18Presentation and Disclosure in Financial Statements

IFRS 18Chapter 4Lesson 1

Entities with a specified main business activity: lenders and investors

Step 1 of 7Learning objectives

Go deeper+1 deeper insight · +1 point of attention

An entity one of whose main business activities is to invest in assets of a particular type or to provide financing to customers classifies in operating profit certain income and expenses that would otherwise be classified in investing or financing, and discloses that it has such an activity.

40 minNot started

Learning objectives

  • Determine the classification of income of an entity with a specified main business activity.
  • Record the reclassification of an income item from investing to operating.
  • Place the assessment of a specified main business activity as a judgement.

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