IFRS 18 – Presentation and disclosure in financial statements
IFRS 18 replaces IAS 1 and changes how the statement of financial performance is presented.
## What is IFRS 18?
IFRS 18 is a new standard on presentation and disclosure of financial statements, replacing IAS 1, effective from 2027.
## Highlights
- Clearer classification of income and expenses into defined categories.
- Requires disclosure of management-defined performance measures.
- Improves transparency and comparability.
Businesses should review their reporting systems to meet the new requirements.
Related posts
IFRS·IFRS Auditing
What is IFRS? An overview of International Financial Reporting Standards
IFRS is a set of global accounting standards that make financial statements transparent and comparable worldwide.
Read more
IFRS·IFRS Auditing
Key differences between VAS and IFRS businesses should know
A comparison of the core differences between Vietnamese Accounting Standards (VAS) and IFRS.
Read more
IFRS·IFRS Auditing
IFRS adoption roadmap in Vietnam
The Ministry of Finance has announced a phased roadmap for IFRS adoption by Vietnamese enterprises.
Read more