06/05/2026
Did you know? 💡
IFRS 18 becomes effective for reporting periods beginning on or after 1 January 2027 and it applies retrospectively.
For December year-end entities, this means:
✔️ 2027 financial statements must include restated 2026 comparatives
✔️ Businesses should start capturing and mapping IFRS 18 information from 1 January 2026
Early preparation today = smoother transition tomorrow.