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IFRS 18Presentation and Disclosure in Financial Statements

IFRS 18Chapter 5Lesson 2

Expenses by nature, by function or both: the paragraph 83 note

Step 1 of 6Learning objectives

Go deeper+1 point of attention

Operating expenses are presented by nature, by function or as a mixture. As soon as a line is presented by function, a single note gives the total of five expenses by nature; the amounts may include those capitalised in the value of an asset.

40 minNot started

Learning objectives

  • Distinguish presentation by nature from presentation by function and deduce the additional information.
  • Identify the expenses by nature to disclose in the single note.
  • Calculate the total of an expense by nature, including amounts capitalised in assets when the case so provides.

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