Lesson · IFRS 18
Transition: retrospective application, restated comparatives and the first-year disclosures
Apply IFRS 18 retrospectively and identify the date of initial application.
17 minutes Standard as at 27 October 2026
What you will be able to do
- Apply IFRS 18 retrospectively and identify the date of initial application
- Restate the comparative period and reconcile each restated line to what was previously reported
- Prepare the first-year disclosures required on transition
- Apply the reliefs available on transition and say which are optional
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.