This Appendix is an integral part of the Standard.
B1 An entity that elects to apply this Standard for a reporting period earlier than the reporting period in which it first applies IFRS 18 Presentation and Disclosure in Financial Statements shall apply paragraphs B2-B19 instead of paragraphs 128-163 (under subheading IFRS 18 Presentation and Disclosure in Financial Statements), 173-177 and 182-183 (under subheading IAS 8 Basis of Preparation of Financial Statements) and 246(m) (under subheading of IAS 34 Interim Financial Reporting). IFRS 18 supersedes IAS 1 Presentation of Financial Statements for annual reporting periods beginning on or after 1 January 2027. Paragraphs B2-B19 set out disclosure requirements for an entity applying IAS 1 and this Standard.
Fair presentation and compliance with IFRS Accounting Standards
B2 When an entity departs from a requirement of an IFRS Accounting Standard in accordance with paragraph 19 of IAS 1, it shall disclose:
(a) that management has conclud
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