Financial Reporting Notes by Zubair Saleem - IFRS 18 Presentation and disclosure in Financial Statements

Aug 28, 2026

Training notes for financial reporting standards prepared by Zubair Saleem for SKANS School of Accountancy Lahore, focused on IFRS 18 requirements for presentation and disclosure in general-purpose financial statements. The content explains the scope of IFRS 18, reporting frequency, and the need for comparative information across periods, including additional comparative disclosure when accounting policy changes occur. It also describes aggregation and disaggregation principles to present structured, decision-useful summaries, supported by illustrative financial statement line items.

LanguageEnglish

CategoryExam

FormatPDF

Pages120

Reading Time5 h 2 min

AccessFree to download

Chapter-1 IFRS-18 Presentation and disclosure in Financial Statements

Scope

Frequency of Reporting

Comparative Information

Aggregation and Disaggregation

Chapter-2 IAS 16 PPE

Chapter-3 Investment property

Chapter-4 IFRS-9 Financial instruments

Chapter-5 IAS-32 Presentation of Financial Instruments

Chapter-6 IFRS-16 Leases

Chapter-7 IFRS-15 Revenue from Contracts with Customers

Chapter-8 IAS-12 Tax

Chapter-9 Final accounts

Chapter-10 Intangible assets

Chapter-11 IAS-37 Provision contingent liability and contingent assets

Chapter-12 IAS-36 Impairment of Non-current assets

Chapter-13 CONSOLIDATION

Chapter-14 IAS-28 Investment in associate

Chapter-15 Consolidated Statement of Comprehensive Income

Chapter-16 IAS-8 Change in accounting policy, Estimates and Errors

Financial Reporting Notes by Zubair Saleem SKANS School of Accountancy Lahore Table of Content Contents Chapter-1 IFRS-18 Presentation and disclosure in Financial Statements....................................... 2 Chapter-2 IAS 16 PPE Chapter-3 Investment property ....................................................................................................... 16 Chapter-4 IFRS-9 Financial instruments ........................................................................................... 20 Chapter 5-IAS-32 Presentation of Financial Instruments............................................................... 25 Chapter-6 IFRS-16 Leases ................................................................................................................ 28 Chapter-7 IFRS-15 Revenue from Contracts with Customers .........................................................36 Chapter-8 IAS-12 Tax ........................................................................................................................ 43 Chapter-9 Final accounts..................................................................................................................47 Chapter-10 Intangible assets ...........................................................................................................48 Chapter-11 IAS-37 Provision contingent liability and contingent assets ......................................52 Chapter 12 IAS-36 Impairment of Non-current assets.................................................................... 54 Chapter-13 “CONSOLIDATION”....................................................................................................... 57 Chapter-14 IAS-28 Investment in associate .................................................................................... 73 Chapter-15 Consolidated Statement of Comprehensive Income ...................................................75 Chapter-16 IAS-8 Change in accounting policy, Estimates and Errors...........................................82 Chapter-17 IFRS 5 Asset held for sale & Discontinued operations..................................................84 Chapter 18 IAS-10 Events After Reporting period............................................................................. 1 Chapter 19 IAS-21 Translation of foreign currency Transactions ..................................................... 3 Chapter 20-IAS – 33 “EARNING PER SHARE”.....................................................................................4 Chapter 21-IAS-41 Agriculture ........................................................................................................... 9 Chapter 22 IFRS-13 Fair Value Measurement ................................................................................. 12 Chapter-23 Interpretation of financial statements-Ratio analysis................................................ 14 Chapter 24 IAS-12 Deferred Tax ...................................................................................................... 17 Chapter 25 IAS-7 Statement of Cashflows....................................................................................... 22 Chapter 26 IASB Framework .............................................................................................................. 1 Chapter 27 IAS-23 Borrowing cost ..................................................................................................... 6 Chapter 28 Government Grants......................................................................................................... 7 IFRS 18-Presentation and disclosure in Financial Statements 1.Scope IFRS 18 applies to all general-purpose financial statements that are prepared and presented in accordance with International Financial Reporting Standards General purpose financial statements are those intended to serve users who are not in a position to require financial report

FAQs

What type of financial statements does IFRS 18 apply to?

IFRS 18 applies to all general-purpose financial statements prepared and presented under International Financial Reporting Standards for users who do not require reports tailored to specific information needs.

How often must a complete set of financial statements be provided?

A complete set of financial statements must be provided at least annually, typically for one year or 52 weeks.

What comparative information must be included, and when can it require extra years?

Comparative information for at least one preceding reporting period should be provided, including amounts and relevant narrative information. If there is a change in accounting policy, two years’ comparative information should be presented.

Aug 28, 2026

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