IFRS Talks - PwC's Global IFRS podcast September 2025: Episode 1 of Decoding IFRS 18 – Introduction to IFRS 18
Sep 9, 2025
Join Katja van der Kuij and Tanya van Eyk from PwC Netherlands, both experts in the new IFRS 18 accounting standard. They discuss the critical role of Non-GAAP measures in enhancing transparency and the challenges of implementing IFRS 18, especially in sectors like banking and insurance. The duo also explores how IFRS 18 aims to revolutionize financial reporting with clearer presentation, improved disclosures, and new income statement categories that foster comparability. Get ready for an insightful journey into the future of financial reporting!
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Start Implementation Planning Now
- Prepare now: IFRS 18 is mandatory from 1 January 2027 and requires retrospective application.
- Expect comparatives to start in January 2026 and plan interim reporting accordingly.
Structured Income Statement Requirements
- IFRS 18 defines a structured income statement with five categories and two new subtotals.
- Standardized categories and subtotals aim to improve comparability across entities.
Category Scopes And The Residual Operating Bucket
- Investing, financing and operating categories have specific scopes but differ from cash flow definitions.
- Operating is a residual category capturing items not in investing, financing, tax or discontinued operations.