Lesson · IFRS 18
Entities with specified main business activities: investing in assets, providing financing to customers
Define the two specified main business activities and the assessment an entity performs.
20 minutes Standard as at 18 October 2026
What you will be able to do
- Define the two specified main business activities and the assessment an entity performs
- Reclassify investing income and expenses for an entity that invests in assets as a main business activity
- Reclassify for an entity that provides financing to customers, including the partial case
- Contrast a general entity and a specified entity on the same transactions so the difference in operating profit is visible
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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.