Disclosure of Management-defined Performance Measures (MPMs) under IFRS 18
In the past, entities have defined and voluntarily presented their own measures of performance, commonly referred to as alternative performance measures (APMs) or non-GAAP measures, in their financial statements. To support the new statement of profit or loss structure and ensure the reported balances are well corroborated, IFRS 18 Presentation and Disclosure in Financial Statements […]
A more structured statement of profit or loss under IFRS 18
To improve the structure of the statement of profit or loss, IFRS 18 Presentation and Disclosure in Financial Statements introduces: These changes do not affect the overall financial performance of a company. However, companies must carefully analyse these changes and assess their potential impact on their accounting and reporting processes and systems. Please read our […]
Summary of IFRS 18 — Presentation and Disclosure in Financial Statements
IFRS 18 responds to emerging challenges in disclosure Why introduce a new standard for the presentation and disclosure of financial statements? Many users, including investors, have voiced the need for adjustments to the standard to address various shortcomings, key among them being the difficulty investors face when comparing statements of financial performance of different companies due to […]
