April 2024
The International Accounting Standards Board (IASB) recently completed its work to improve the usefulness of information presented and disclosed in financial statements.The new Standard, IFRS 18 Presentation and Disclosure in Financial Statements, will give investors more transparent and comparable information about companies’ financial performance, thereby enabling better investment decisions.It will affect all companies using IFRS Accounting Standards.
IFRS 18 introduces three sets of new requirements to improve companies’ reporting of financial performance and give investors a better basis for analyzing and comparing companies.
Find out more
here.
Source: International Financial Reporting Standards (IFRS)