IFRS 18: Presentation and Disclosure in Financial Statements

In April 2024, the International Accounting Standard Board (IASB) published the new standard IFRS 18 Presentation and Disclosure in Financial Statements aimed at improving the quality of financial reporting.

It is mandatory for annual periods beginning on or after 1 January 2027. It replaces IAS 1 Presentation of Financial Statements and amends other standards, primarily IAS 7 Cash Flow Statements and IAS 8 Basis of Preparation of Financial Statements.

31 Aug 2026

IFRS 18: Just presentation and disclosure?

IFRS 18 primarily introduces changes to the way financial performance is presented and disclosed, with the objective of enhancing comparability and transparency for investors and other stakeholders. Drawing on emerging interpretation issues and implementation experience, this article examines the areas generating the most questions in practice and the implications for entities preparing for transition.

An image of three professional colleagues reviewing a piece of documentation in an office.

18 Aug 2026

IFRS 18 - the devil is in the detail (again)

Whenever a new IFRS accounting standard is introduced “the devil is in the detail” is an oft-repeated refrain and usually with good reason. It is arguably just as true of IFRS 18 Presentation and Disclosure in Financial Statements (effective for periods beginning on or after 1 January 2027) as it is any other accounting standard issued in recent times.

11 Mar 2026

Insurance service expense amounts disclosure

A recent tentative IFRS Interpretations Committee agenda decision could give rise to systems issues for insurers, requiring them to capture information for IFRS 18 disclosure purposes for periods beginning on or after 1 January 2027 that they might not currently be capturing.

23 Feb 2026

Presentation of exchange differences under IFRS 18

A recent issue considered by the IFRS Interpretations Committee (IC) has looked at how exchange differences on intercompany items in consolidated financial statements should be presented under IFRS 18. Could the absence of a definitive answer be resolved by reconsidering the appropriateness of the accounting required by IAS 21?