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  3. International Financial Reporting Standards (IFRSs)
  4. 2024
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  1. IFRS 18: Presentation and Disclosure in Financial Statements
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IFRS 18: Presentation and Disclosure in Financial Statements

Comparing proposed amendment...
Objective (para. 1)
Scope (paras. 2-8)
General requirements for financial statements (paras. 9-40)
Aggregation and disaggregation (paras. 41-45)
Statement of profit or loss (paras. 46-85)
Statement presenting comprehensive income (paras. 86-95)
Statement of financial position (paras. 96-106)
Statement of changes in equity (paras. 107-112)
Notes (paras. 113-132)
Appendix A Defined terms
Appendix B Application guidance
Appendix C Effective date and transition
Appendix D Amendments to other IFRS Accounting Standards
Approval by the International Accounting Standards Board of IFRS 18 Presentation and Disclosure in Financial Statements issued in April 2024
IFRS 18: Basis for Conclusions
Introduction (paras. BC1-BC16)
BC1
The need for change (paras. BC2-BC3)
Proposals in the Exposure Draft General Presentation and Disclosures (paras. BC4-BC11)
Feedback on the Exposure Draft (paras. BC12-16)
General requirements for financial statements (paras. BC17-BCZ70)
Objective of financial statements (paragraph 9) (paras. BC17-BC18)
Titles of financial statements (paragraph 11) (paras. BCZ19-BCZ24)
Equal prominence (paragraph 14) (paras. BCZ25)
Materiality (paragraphs B1-B5) (paras. BCZ26-BCZ44)
The roles of the primary financial statements and the notes (paragraphs 15-24 and B6-B9) (paras. BC45-BC63)
Comparative information (paragraphs 31-40 and B13-B15) (paras. BCZ64-BCZ70)
Aggregation and disaggregation (paras. BC71-BC80)
Principles of aggregation and disaggregation (paragraphs 41-43 and B16-B26) (paras. BC71-BC80)
Statement of profit or loss (paras. BC81-BC276)
Structure of the statement of profit or loss (paragraphs 46-74 and B29-B76) (paras. BC81-BC235)
Items to be presented in the statement of profit or loss or disclosed in the notes (paragraphs 75-85 and B77-B85) (paras. BC236-BC276)
Statement presenting comprehensive income (paras. BCZ277-BCZ284)
Reporting comprehensive income (paragraphs 88-89) (paras. BCZ277-BCZ278)
Reclassification adjustments (paragraphs 90-92 and B88-B89) (paras. BCZ279-BCZ282)
Tax effects on items of other comprehensive income (paragraphs 93-95) (paras. BCZ283-BCZ284)
Statement of financial position (paras. BCZ285-BCZ315)
Classification of assets and liabilities as current or non-current (paragraphs 96-102 and B90-B108) (paras. BCZ285-BCZ312)
Line items to be presented in the statement of financial position (paragraphs 103-106 and B109-B111) (paras. BC313-BC315)
Statement of changes in equity (paras. BCZ316-BCZ318)
Reporting owner and non-owner changes in equity (paragraph 107) (paras. BCZ316-BCZ317)
Presentation of dividends (paragraph 110) (paras. BCZ318)
Notes (paras. BCZ319-BC413)
Structure of the notes (paragraphs 113-116 and B112) (paras. BCZ319-BCZ324)
Management-defined performance measures (paragraphs 117-125 and B113-B142) (paras. BC325-BC390)
Disclosures about capital (paragraphs 126-129) (paras. BCZ391-BCZ395)
Objectives, policies and processes for managing capital (paragraphs 126-128) (paras. BCZ396-BCZ397)
Externally imposed capital requirements (paragraph 129) (paras. BCZ398-BCZ403)
Internal capital targets (paras. BCZ404-BCZ406)
Unusual income and expenses (paras. BC407-BC413)
Effective date and transition (BC414-BC423)
BC414-BC417
Disclosure on initial application (paragraphs C2-C3 and C6) (paras. BC418-BC420)
Interim financial statements (paragraphs C4-C6) (paras. BC421-BC422)
Investments in associates and joint ventures (paragraph C7) (para. BC423)
Definition of IFRS Accounting Standards (BC424-BC425)
Amended references to the Conceptual Framework (BCZ426-BCZ427)
Dissenting opinions
Dissent of Mary E Barth, Anthony T Cope, Robert P Garnett and James J Leisenring from IAS 1 (as revised in September 2007) (paras. DO1-DO7)
Dissent of Paul Pacter from Presentation of Items of Other Comprehensive Income (Amendments to IAS 1) (paras. DO1-DO3)
Appendix - Amendments to the Basis for Conclusions on other IFRS Accounting Standards
IFRS 18: Illustrative Examples
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