Blogs

The same five categories, five very different income statements Across this series, we've built up IFRS 18 piece by piece, the five categories, the operating, investing and financing rules, specified main business...

New, more prescriptive rules for how much detail belongs on the face of the statement versus in the notes Classifying income and expenses into the right category, as we've covered across this series, only gets you...

With individuals and businesses increasingly earning income, holding investments and conducting business across multiple countries, establishing tax residency has become an important part of international financial planning. A Tax Resid...

The ripple effects that reach the statement of cash flows, interim reporting, and the standard formerly known as IAS 1's accounting policy rules Most of the commentary on...

Why a bank, an insurer, and a real estate investor don't classify income the same way as everyone else, and what happens when a group has all three Everything we've covered so far in this series, operating, in...

Why a lease liability, a pension liability and a bank loan are treated very differently on the new income statement If there is one classification outcome under IFRS 18 that will surprise finance teams the first time...

A practical walkthrough of one of the more technical classification calls preparers will face Of the three profit-or-loss categories that require an active classification decision, operating, investing and financing,...

In the first blog of this series, we introduced the five categories that IFRS 18 uses to reshape the statement of profit or loss: operating, invest...

Why every income statement is about to look and feel different, a plain-English guide to categorisation If you have spent any part of your career reading, preparing or auditing financial statements, you probably think...

AI-generated output is only as reliable as the information and assumptions behind it. Hallucinated facts, outdated data, unsupported conclusions and embedded bias can all creep into an analysis that isn't carefully reviewed. A Stanf...