IFRS 18 — Presentation and Disclosure in Financial Statements
Modules of the standard
- Concepts32 publishedNormative and pedagogical mapping.
- Questions73 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers3 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)14 publishedLesson explanations, chapter by chapter.
Practical cases
- The five categories of income and expenses: classification of the items of an industrial entity and operating profitL1Beginner
- Required subtotals, exchange differences, hedging and the build-up of profit for the periodL2Intermediate
- Specified main business activity, aggregation, the "other" label and expenses by nature of a manufacturer that finances its customersL3Advanced
- Management-defined performance measures: definition, excluded subtotals, reconciliation, tax and non-controlling interest effectsL3Advanced
- Transition to IFRS 18: restated comparative, reconciliation, cash flow statement, earnings per share and IAS 8L4Expert
- IFRS 18 transition file of an industrial group: classification by category, subtotals, performance measures, restated comparativeL4Expert
Workpapers
- Classification of income and expenses into the five categories: default category, investing, financing, exchange differences and specified main business activity
- Required subtotals down to profit for the period and reconciliation of a management-defined performance measure
- Transition to IFRS 18: restated comparative, reconciliation, note on expenses by nature, "other" label and starting point of the cash flow statement
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
IFRS 18 and IAS 1: the place of the new standard
- IFRS 18 replaces IAS 1Core3 questions
- The other primary statementsImportant3 questions
The five categories of income and expenses
- The five categoriesCore3 questions
- The operating category as the defaultCore3 questions
- The investing categoryCore3 questions
- The financing categoryCore3 questions
- Income taxes and discontinued operationsCore3 questions
- Classification of foreign exchange differencesImportant2 questions
- Derivatives and hedging instrumentsAdvanced1 question
The required subtotals and profit for the period
- Operating profitCore3 questions
- Profit before financing and income taxesCore3 questions
- From the subtotals to profit for the periodCore3 questions
Entities with specified main business activities
- Assessing a specified main business activityAdvanced1 question
- The effects on classificationImportant2 questions
Aggregation, disaggregation, labels and expenses by nature
- Principles of aggregation and disaggregationCore2 questions
- Roles of the primary statements and the notesImportant1 question
- The label "other"Important2 questions
- Expenses by nature, by function or bothImportant3 questions
- The note on expenses by natureImportant3 questions
Management-defined performance measures
- Definition of a management-defined performance measureCore2 questions
- Subtotals excluded from the definitionImportant2 questions
- Disclosures and reconciliationCore3 questions
- The objective of the disclosuresAdvancedNo question
- Income tax and non-controlling interests effectsImportant1 question
Effective date, EU endorsement and transition
- Effective date and early applicationCore3 questions
- EU endorsementImportant2 questions
- Retrospective application and restated comparativeCore3 questions
- Reconciliation of restated amountsImportant2 questions
Consequential amendments: IAS 7, IAS 33 and IAS 8
- IAS 7: the new starting pointCore3 questions
- IAS 7: interest and dividendsImportant2 questions
- IAS 33: numerators of per-share amountsAdvanced1 question
- IAS 8: requirements taken over from IAS 1Important2 questions