Lesson · IFRS 18
Scope, effective date and why 2026 is already the comparative year
State which entities apply IFRS 18 and which existing standards it leaves in place.
10 minutes Standard as at 21 October 2026
What you will be able to do
- State which entities apply IFRS 18 and which existing standards it leaves in place
- Read the effective date and work back to the first period an entity must restate
- Walk a 31 December 2027 reporter through which periods are affected and when the work actually starts
- Apply the transition requirements and say which comparatives must be restated
This is a preview of a member lesson. The full lesson is in the IFRS 18 library, open to everyone who enrols.
Free · one email a week
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.