Updates on International Financial Reporting Standards (IFRS) and key global accounting issues. Resources for maintaining accounting transparency and compliance in a global business environment.
What did the IFRIC decide in Q1 2026 regarding IFRS 18? The IFRIC finalized five binding IFRS 18 agenda decisions in its March 2026 update, addressing FX differences on intragroup loans, classification of non-income taxes, expense-by-nature disaggregation scope, parent entity main business activity, and FX derivative classification — all critical for entities preparing to adopt…
What are the key IFRS 2026 updates? The most important IFRS 2026 updates include IFRS 9 amendments for financial instrument classification and nature-dependent electricity contracts effective January 1, 2026, the upcoming IFRS 18 replacing IAS 1 effective January 2027, and the March 2026 IASB decisions on IFRS 10 Consolidated Financial Statements — changes that require…
What is IFRS 18 and when does it take effect? IFRS 18, the new standard that replaces IAS 1, fundamentally redesigns how companies present financial statements. It is mandatory for annual periods beginning on or after January 1, 2027 — but with the 2026 comparative period already underway, companies using IFRS must begin planning their…
Navigating the IFRS Landscape for 2025 and Beyond. A comprehensive guide to the new accounting standards and amendments effective from 2024 to 2027, ensuring your financial reporting remains compliant and ahead of the curve. Hello there! 👋 If you’re working in finance or accounting, you know that the only constant is change. [cite_start]As we…
Ready for IFRS 18? Explore the major changes in financial presentation through the lens of Good Group’s 2025 illustrative financial statements. From new P&L categories to MPMs, we’ve got you covered! To be honest, keeping up with changing accounting standards can feel like a full-time job on its own, right? Just when you think…
