Embracing the Impact: New IFRS 18 on Financial Statement Disclosures

From 2027, we will see significant changes to financial statements, due to the new IFRS 18 standards. Enhancements include aligning disclosure categories with the cash flow statement and new subtotals like 'Operating Profit.' This standard will clarify financial performance and necessitate detailed disclosures, prompting companies to prepare early for these significant changes.