CERTYNEX IFRS ACADEMY

A colleague presents the new standard to the accounting team of Alpha SA. Which of the colleague's statements about the content of IFRS 18 are correct? More than one answer is possible.

IFRS 18 replaces IAS 7 and the statement of cash flows is presented under a new standard.

The general requirements of IAS 1 are transferred for the most part to amended IAS 8.

IFRS 18 replaces IAS 1.

The main change concerns the presentation of the statement of profit or loss, which is restructured.

IFRS 18 removes the statement of changes in equity from the set of primary statements.