CERTYNEX IFRS ACADEMY

An analyst compares the primary statements of an entity under IAS 1 and under IFRS 18 to prepare for the transition. Which of these statements changes the most?

The statement of financial position, whose presentation is largely overhauled by IFRS 18.

The statement of other comprehensive income, whose groups of items are redefined by IFRS 18.

The statement of changes in equity, whose structure is reviewed column by column by IFRS 18.

The statement of profit or loss, which IFRS 18 restructures.