IFRS 18 Presentation and Disclosure in Financial Statements
IFRS 18 establishes presentation and disclosure requirements for financial statements, including categories and specified subtotals in profit or loss. ACCA examines its financial-statement formats at FA level and lists the standard for the current syllabus. The operating, investing and financing categories help organise the statement, while the classification of particular items depends on the entity’s activities and the standard.
Worked example
A statement presents operating profit and profit before financing and income taxes as applicable subtotals.
Common mistake
Using IAS 1 as the current FA examinable presentation standard; management-defined performance measures are outside FA’s stated level.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | F1 | Supporting | July 2027–August 2028 |
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | FR | Direct | Official assessment-window verification pending |
| ACCA | K1 | Supporting | July 2027–August 2028 |
| CIMA | F1 | Direct | Official assessment-window verification pending |
| CIMA | F2 | Direct | Official assessment-window verification pending |
| FIA | FFA | Direct | September 2026–June 2027 |
Related terms
Also called: IFRS 18