The journey to implementation
Claudia Schiochetto
Finance | MBA | Transformation | Data analytics | Project Mgmt
As the journey continues towards its implementation deadline on 01.Jan.27, the series of live webinars and the material published have been giving clarity in relation to the standard as well as the specifics that resulted from the consultation with stakeholders, investors, analysis of the financial information currently available, etc.
The ONE PAGE displays graphically the main aspects
1) The Statement of profit or loss (income statement) and the Notes to the Financial Statements as protagonists.
2) The two new defined subtotals, ?Operating profit and Profit before financing and income taxes as main anchors to ensure comparability and facilitate valuation activities and the categories to classify income and expenses, Operating, Investing and Financing.
3) The management-defined performance measures (MPMs), Adjusted profit, Adjusted operating profit and Adjusted earnings before interest, tax, depreciation and amortisation as main references in public communications. ifrs18-one-page-april2024.pdf
The SUMMARY gives space to reflect on specific topics as the presentation for Banks and Insurers, the disclosures required for MPMs, the Grouping of the information (aggregation and disaggregation).
Operating category for Banks which include the Net interest result, Fee and Commission result, and for Insurers which include the Insurance Service result and Net financial result.
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The reconciliation between the MPM and the most directly comparable total or subtotal.
The IFRS 18 is being brilliantly encapsuled in 3 LIVE WEBINARS, the first two (of which the recoding is available) Subtotals and categories in the statement of profit and loss and Management-performance measures (below the link).The third on Grouping of information in the financial statements to be hold on Thursday 6th June, registrations are open under IFRS - Registration opens for live webinars on IFRS 18.?
#IFRS18 #IFRSaccounting
Ph.D. in Education
9 个月Gracias por compartir información detallada sobre los nuevos desarrollos relacionados con la Norma IFRS 18. El resumen ofrece una clara visión general de los principales aspectos, incluyendo nuevos subtotales, categorías de clasificación de ingresos y gastos, y medidas de desempe?o definidas por la administración. La organización de seminarios web en vivo y la disponibilidad de grabaciones es una excelente oportunidad para acceder a esta información. La presentación gráfica y el resumen adicional sobre temas específicos son igualmente herramientas valiosas. En general, este recurso es un excelente medio para mantenerse al tanto de los cambios e implicaciones de la Norma IFRS 18. Agradezco el tiempo y esfuerzo dedicados a la creación y difusión de estos materiales educativos y de apoyo.
Executive Director/Chartered Accountant/Certified Public Accountant(USA)/MBA-Finance/MCom/BCom/ACCA(UK)-IFRS/TBEM Certified
9 个月Gracias!!
#CFO#/#Board Member#/Analytical Skills, Financial Planning
9 个月Muy interesante y muy claro!