IFRS 18 Educational Session for Financial Institutions, Insurance and Conglomerates - 11 June 2024 скачать в хорошем качестве

IFRS 18 Educational Session for Financial Institutions, Insurance and Conglomerates - 11 June 2024

Watch the IFRS 18 Educational Session for Financial Institutions, Insurance and Conglomerates that took place 11 June 2024. Agenda: • Opening of the session by EBF and Insurance Europe, EFRAG & the IASB: 20 mins • Categories and Sub-Totals: 50 mins • Management-defined Performance Measures: 50 mins • Grouping – aggregation and disaggregation – of information: 30 mins • Limited changes to the Cash Flow Statement, effective date and transition requirements: 20 mins • Main takeaways and closing: 10 mins Download the presentation: https://efrag.org/news/project-702/Pr... Register to receive our newsletter: https://marketing.efrag.org/subscribe Follow us on LinkedIn:   / european-financial-reporting-advisory-group   Follow us on Twitter:   / efrag_org   IFRS 18 was issued in April 2024 and applies to an annual reporting period beginning on or after 1 January 2027. The Standard includes requirements for all entities applying IFRS for the presentation and disclosure of information in financial statements. It replaces the first IAS (now IFRS) Standard to be published, IAS 1, where these general requirements were included in the past. The objective of IFRS 18 is to set out requirements for the presentation and disclosure of information in general-purpose financial statements to help ensure they provide relevant information that faithfully represents an entity’s assets, liabilities, equity, income and expenses. [IFRS 18.1] It applies to all financial statements that are prepared and presented in accordance with International Financial Reporting Standards. Standards for recognising, measuring, and disclosing specific transactions are addressed in other Standards and Interpretations. IFRS 18 sets out rules for aggregation and disaggregation, offsetting, what has to be presented in the primary financial statements (such as profit and loss statement, balance sheet, cash flow statement, statement of changes in equity) and what can go into the notes (disclosures) of financial statements. The requirements cover the content and structure of the primary financial statements. For the notes, the structure is defined and certain general requirements are included in the Standard. The Standard can be consulted here: https://t.ly/ED6lk