Insights into PFRS 18 - Classification of income and expenses in the Statement of Profit or Loss
IFRS 18 'Presentation and Disclosure in Financial Statements' was issued by the International Accounting Standards Board (IASB) in April 2024. Once adopted locally, this will be known as PFRS 18. PFRS 18 replaces PAS 1 ‘Presentation of Financial Statements’ for annual reporting periods beginning on or after 1 January 2027.
The ‘Insights into PFRS 18’ series explains the new requirements of PFRS 18, highlighting some areas of the standard that we believe will be challenging to apply in practice. It also aim to help users of PFRS financial statements to understand how financial statements will change when applying the new Standard.
Download PDF file below for the new article released for this series.
You may also access and download the previous releases related to this series - Insights into PFRS 18:
