Lesson · IFRS 18
Aggregation and disaggregation: the new principles and the roles of the statements and the notes
State the roles of the primary financial statements and the notes and what each is for.
19 minutes Standard as at 28 October 2026
What you will be able to do
- State the roles of the primary financial statements and the notes and what each is for
- Apply the aggregation and disaggregation process: group items by shared characteristics, separate them by dissimilar ones
- Label an aggregated item so the description does not obscure what it contains
- Apply the offsetting requirements and say when offsetting is permitted
This is a preview of a member lesson. The full lesson is in the IFRS 18 library, open to everyone who enrols.
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IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.