In the know: IFRS 18

By Colin Wright
on 06 Jul 2026

IFRS 18 will reshape how organisations present financial performance in their financial statements, with impacts reaching beyond reporting teams into governance, systems and stakeholder communication. We cover the key changes, their practical implications and the steps businesses should take ahead of implementation in January 2027.

The introduction of IFRS 18 will bring about significant changes to the way organisations present financial performance within their financial statements. While the standard does not alter the underlying recognition or measurement of transactions, it will reshape how results are structured, explained and interpreted by investors, lenders and other stakeholders.

For many businesses, the changes will extend beyond compliance and financial reporting teams alone. From performance measures and reporting processes through to governance, systems and stakeholder communication, IFRS 18 is expected to have a broad operational impact across organisations reporting under IFRS.

In this edition of In the know, we explore the key changes introduced by IFRS 18, what they could mean in practice, and the steps businesses should be considering ahead of implementation in January 2027.