Run IFRS 18 as a dry run on your 2026 numbers
Run IFRS 18 as a dry run on your 2026 numbers
IFRS 18 replaces IAS 1 and changes how the income statement is built. Income and expenses are classified into operating, investing and financing categories, two subtotals become mandatory, management defined performance measures must be disclosed and reconciled, and aggregation and disaggregation are governed by explicit principles rather than habit.
The efficient way to prepare is to apply it to numbers you already have. Take your 2026 figures and rebuild the statement under the new structure. The exercise surfaces the real questions quickly: which items sit in operating rather than investing, whether your chart of accounts can produce the categories without manual intervention, which of your existing performance measures fall inside the management defined performance measure definition, and what your comparatives will look like when they are restated.
Doing this on real numbers, before the standard applies, means the difficult judgements are settled in a low pressure environment and your systems are changed once rather than twice. BDO Azerbaijan runs IFRS 18 impact assessments and helps finance teams redesign reporting structures. Contact us to run an IFRS 18 dry run on your current figures.
The efficient way to prepare is to apply it to numbers you already have. Take your 2026 figures and rebuild the statement under the new structure. The exercise surfaces the real questions quickly: which items sit in operating rather than investing, whether your chart of accounts can produce the categories without manual intervention, which of your existing performance measures fall inside the management defined performance measure definition, and what your comparatives will look like when they are restated.
Doing this on real numbers, before the standard applies, means the difficult judgements are settled in a low pressure environment and your systems are changed once rather than twice. BDO Azerbaijan runs IFRS 18 impact assessments and helps finance teams redesign reporting structures. Contact us to run an IFRS 18 dry run on your current figures.