IFRS 18 and its consequences

Learning objectives

• Recognise that IFRS 18 applies to annual reporting periods beginning on or after 1 January 2027 and makes consequential amendments to other Standards.L3
• Explain why the amendments made to IFRS 7 by IFRS 18 are a future requirement that applies only together with IFRS 18.L3

Normative references

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

1 question

• A consolidation manager prepares notes on the effect of IFRS 18 on IFRS 7 for a period beginning on 1 January 2026, without early application. Which of his sentences is wrong?L3