IAS 1 requirements transferred to the renamed IAS 8

Learning objectives

• Identify the requirements of IAS 1 that move to amended IAS 8.L2
• Explain the renaming of IAS 8 and its effect on cross-references.L2, L3

Normative references

The syntheses of the reference register are written in French: only the paragraph reference is shown here.

2 questions

• Which list corresponds to the requirements of IAS 1 that IFRS 18 transfers to IAS 8, amended and renamed "Basis of Preparation of Financial Statements"?L2
• A colleague prepares a summary note on what happens to the general requirements of IAS 1 on the move to IFRS 18. Which of the colleague's sentences is wrong?L3