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IFRS 18Presentation and Disclosure in Financial Statements

IFRS 18Chapter 8Lesson 2

IAS 8 and IAS 33 amended: requirements taken from IAS 1 and additional per-share amounts

Step 1 of 5Learning objectives

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IAS 8 is renamed "Basis of Preparation of Financial Statements" and receives from IAS 1 the general requirements (fair presentation, going concern, accrual basis, accounting policies). IFRS 18 also frames, as context, the numerator of certain additional per-share amounts under IAS 33.

30 minNot started

Learning objectives

  • Identify the IAS 1 requirements taken up by the amended IAS 8 and explain its renaming.
  • Place the amendment to IAS 33 on the numerator of additional per-share amounts.
  • Avoid duplication with the IAS 1 course by cross-referring from one standard to the other.

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