IFRS | Insights into IFRS 18 Presentation and Disclosure in the Financial Statements | Raymond Chabot Grant Thornton

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IFRS | Insights into IFRS 18 Presentation and Disclosure in the Financial Statements

Insights

Published on May 14, 2026

• 1 min read

In April 2024, the International Accounting Standards Board (IASB) issued the new accounting standard IFRS 18 Presentation and Disclosure in Financial Statements (IFRS 18). IFRS 18 is effective for reporting periods beginning on or after January 1, 2027, and early application is permitted. IFRS 18 replaces IAS 1 Presentation of Financial Statements, which had been applied for many years.

This new Insights into IFRS 18 series explains the new requirements of IFRS 18, highlighting some of which we believe will be challenging to apply in practice. It also aims to help users of IFRS financial statements to understand how financial statements will evolve when applying the new standard.

This second article in the series provides a comprehensive analysis of IFRS 18’s classification requirements, exceptions and practical challenges. It builds on the high-level overview in the Get ready for IFRS 18 publication, published in January 2026, and delves deeper into application issues.

Insights into IFRS 18 Presentation and Disclosure in the Financial Statements

Download the document Adviser Alert_Insights into IFRS 18 – Classification of income and expenses in the statement of profit or loss_FINAL

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