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By Jeremy PAGE, Partner and Feriel FEKIH, Senior Manager at Deloitte Luxembourg
The IASB introduced IFRS 18 in response to investor demand for more transparent, comparable, and consistent financial reporting. Issued in April 2024, the standard fundamentally changes how entities present and explain performance, addressing long-standing concerns about credibility and comparability.
By defining income categories, standard subtotals, and new disclosure requirements—including management performance measures (MPMs)—IFRS 18 tackles inconsistent reporting practices. Simply put, it reshapes how performance is communicated. Although the effective date of...
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