IFRS 18, Presentation and Disclosure in Financial Statements, is the new IFRS accounting standard effective from January 1, 2027. The new standard was developed in response to investor feedback to improve comparability of financial performance between entities and enhance transparency in financial reporting.
IFRS 18 will impact all organisations that prepare financial statements using the IFRS Accounting Standards. Some of the changes include the defined categories and subtotals in the profit or loss statement.
