A concise overview of IFRS 18, outlining key presentation changes, new mandatory disclosures and transition requirements effective from 2027.
IFRS 18 introduces a new structure for financial statements, replacing IAS 1 and enhancing transparency in financial reporting. The standard, effective from 1 January 2027, adds new profit subtotals, clearer categories for income and expenses, and stricter disclosure requirements. Learn how your organization can prepare for IFRS 18 with insights from Grant Thornton.
Grant Thornton’s IFRS Example Consolidated Financial Statements 2025 offers practical guidance for preparing IFRS-compliant financial statements.
Although there are signs of an improving global economic outlook, mid-market firms are under no illusions about the difficulties ahead.