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IFRS 18Presentation and Disclosure in Financial Statements

IFRS 18Chapter 6Lesson 1

Management-defined performance measures: definition and exclusions

Step 1 of 6Learning objectives

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

A management-defined performance measure is a subtotal of income and expenses used in public communications outside the financial statements, that reflects management's view of overall performance and that is neither listed in paragraph 118 nor required by IFRS.

40 minNot started

Learning objectives

  • Identify the three conditions of the definition of a management-defined performance measure.
  • Determine whether a published subtotal is such a measure.
  • Distinguish a management-defined measure from a listed or required subtotal, and place the objective of the disclosure.

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