IFRS 18: Impact and Implementation

This lecture provides a detailed introduction to IFRS 18, exploring its purpose, differences from IAS 1, and adoption guidelines. It delves into the reasoning for its development, addressing issues in IAS 1, investor-driven needs, and the creation process. Coverage includes scope, key reporting formats, and exclusions, followed by major updates such as mandatory subtotals, new income statement categories, and rules on performance measures. The session concludes with insights into...