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IFRS 18Presentation and Disclosure in Financial Statements

IFRS 18Chapter 7Lesson 1

Effective date, early application and EU endorsement

Step 1 of 7Learning objectives

Go deeper+1 point of attention

IFRS 18 applies to annual periods beginning on or after 1 January 2027; early application is permitted and disclosed in the notes. Regulation (EU) 2026/338 adopts it in the Union with the same date, without changing its content.

30 minNot started

Learning objectives

  • Identify the effective date of IFRS 18 and determine the standard applicable to a given period.
  • Deal with early application.
  • Identify the EU adoption act and explain that it does not change the content of the standard.

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