Written by: Barbora Choi on Thu Jan 22
IFRS 18 Presentation and Disclosure in Financial Statements:Q&A
Short compilation of Q&As on the upcoming standard: i) comparative information, ii) nature vs function of operating expenses, iii) disaggregation of line items, iv) MPMs.
“Liars don't heal. A liar can eat all the wheat grass and do all this stuff with seeds and vegetables. But an honest person who eats cat food will go further [than a liar, a dishonest person]."
I perceive IFRS 18 Presentation and Disclosure in Financial Statements (also) as accounting contribution to much needed honesty and transparency.
Today - short and simple - selected questions & answers on the upcoming standard.
