New IFRS Standart
Let me introduce "IFRS 18 Presentation and Disclosure in Financial Statements"
- will set out the overall requirements for presentation and disclosures in the financial statements
- expected to be issued April 2024
- be effective for reporting periods beginning on or after 1 Jan 2027 (early application is permitted)
- primary object is to increase quality of reported information
- provide more useful grouping of information in financial statement
- improve comparability of income statement (P/L)
- aim to increase transparency
- responds to investors’ demand for better information about companies’ financial performance
- scope: all companies and stake holders in the IFRS ecosystem
- completely replace IAS 1 Presentation of Financial Statements
https://lnkd.in/gcaQwRnX