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It defines key concepts such as management-defined performance measures (MPMs), disclose in the notes, and the “most useful structured summary” for operating expenses. 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The term most useful structured summary is not defined in IFRS 18; however, useful structured summary is defined. |\n| MPM | Management-defined performance measure |\n\n\n| Abbreviation | Explanation |\n| --- | --- |\n| Nature expenses | In classifying expenses by nature (‘nature expenses’), an entity provides information about operating expenses relating to the nature of the economic resources consumed. This includes information about raw material expense, employee benefit expense, depreciation andamortisation. |\n| OPDAI | Operating profit or loss before depreciation, amortisation and impairments in the scope of IAS 36 |\n| Present | An entity presents information in the primary financial statements |\n| Specified main business activities | A main business activity of:\u003Cbr>• investing in assets; or\u003Cbr>• providing financing to customers. |\n| Unconsolidated subsidiaries | Investments in subsidiaries that are not consolidated but accounted for at cost, at fair value or under the equity method. |\n\n| More structured income statement (Chapter 2) |  |\n| --- | --- |\n| Classify income and expenses into three new categories\u003Cbr>(Section 2.1) | All entities classify income and expenses into five categories, three of which are new – operating, investing and financing.\u003Cbr>Results from equity-accounted investees are presented below operating profit – i.e. in the investing category. |\n| Main business\u003Cbr>activities drive\u003Cbr>classification\u003Cbr>of income and expenses (2.1.1) | Additional specific requirements apply for entities with specified main business activities – i.e. investing in assets and/or providing financing to customers.\u003Cbr>Under these additional specific requirements, some income and expenses are classified in the operating category rather than the investing or financing category.\u003Cbr>Assessment of main business activities applies at a reporting entity level – specified main business activities of the group may differ from those of individual entities and therefore they may classify income and expenses differently. Additional consolidation adjustments may be required for the group income statement. |\n| Other requirements apply for certain income and expenses (2.1.4 – 2.1.7) | Other requirements apply for classifying certain items, including gains and losses on derivatives and hedging instruments as well as foreign exchange differences.\u003Cbr>Foreign exchange","cbCaibd87Y15tkil","https://ap.wps.com/l/cbCaibd87Y15tkil","pdf",1347906,"English","# Key IFRS 18 terms\n## Asset and liability classification\n## Income statement subtotals and disclosures\n# Expense presentation and analysis\n## Classification by nature, function or mixed basis\n## New subtotals and operating profit\n# Management-defined performance measures (MPMs)\n## Definition and disclosure requirements\n# Additional guidance on disclosure decisions\n## Roles of primary statements and notes\n## Aggregation vs disaggregation principles","[{\"question\":\"How does IFRS 18 distinguish operating assets from non-operating assets?\",\"answer\":\"Operating assets do not generate a return individually and largely independently of the entity’s other resources. Non-operating assets generate a return individually and largely independently of other resources.\"},{\"question\":\"What does “Disclose” mean under IFRS 18?\",\"answer\":\"“Disclose” means an entity provides information in the notes to the financial statements.\"},{\"question\":\"What are management-defined performance measures (MPMs) and how are they disclosed?\",\"answer\":\"IFRS 18 applies a new definition of MPMs and requires that MPMs be disclosed in a single note and be subject to audit, including specified disclosures and reconciliations.\"}]","IFRS 18 - Key Terms and Disclosure Requirements - Presentation and Disclosure | PDF",31]