New IFRS Accounting Standard

New IFRS Accounting Standard

The new standard, IFRS 18 Presentation and Disclosure in Financial Statements, developed by the IASB, will aid investor analysis of companies’ financial performance.

IFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027.

An IFRS Digital subscription may be purchased on: https://shop.ifrs.org/product-detail?id=1595 or a PDF version of the standard on: https://shop.ifrs.org/product-detail?id=2204

Support to implement IFRS 18 is available on:

https://www.ifrs.org/supporting-implementation/supporting-materials-by-ifrs-standards/ifrs-18/

The completed project page is available on:

https://www.ifrs.org/projects/completed-projects/2024/primary-financial-statements/