EFRAG Releases Summary Reports on the Educational Sessions on IFRS 18 Presentation and Disclosure in Financial Statements

​EFRAG has issued summary reports on the educational sessions on IFRS 18 held on 7 June for corporates and on 11 June for financial institutions (including insurance companies & conglomerates).

​Jointly with the IASB and some of its member organisations, EFRAG held educational sessions on IFRS 18 Presentation and Disclosure in Financial Statements. The first session for corporates was held on 7 June; consult the summary report here. The session for financial institutions (including insurance companies and conglomerates) was held on 11 June; consult the summary report here. 

The summary reports summarise the feedback received during the events, including panellists' views and experience with the new requirements, related to the following topics:

  • Categories and subtotals
  • Management-defined Performance Measures (MPMs)
  • Grouping – aggregation and disaggregation – of information
  • Limited changes to the cash flow statement, effective date and transition requirements

Videos of both sessions can be consulted at the following links:

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