Lesson · IFRS 18
Operating expenses: by nature, by function, or a mixed presentation
Distinguish presentation by nature from presentation by function.
12 minutes Standard as at 27 October 2026
What you will be able to do
- Distinguish presentation by nature from presentation by function
- Apply the requirement to present operating expenses in the way that gives the most useful structured summary
- Build a mixed presentation and say which expenses sit under which characteristic
- Explain why this is not a free accounting policy election
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.