IFRS financial performance reporting – The new landscape

PwC's accounting podcast

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

This episode provides an overview of the new standard from the International Accounting Standards Board, the IASB. IFRS 18 is the new standard on presentation and disclosure in financial statements, with a focus on updates to the income statement. This is a significant development in IFRS financial reporting - even companies not reporting under IFRS will want to be aware of these updates.
In this episode, we discuss:

• 1:10 – An overview of the new standard
• 5:00 – Aggregation and disaggregation (impacting all primary financial statements and notes)
• 9:00 – Structural changes to the statement of profit or loss
• 18:25 – Getting started with implementation and the timeline
• 21:19 – Management-defined performance measures

For more information, read our publication, IFRS 18 is here: redefining financial performance reporting. Additionally, follow this podcast on your favorite podcast app for more episodes.
Gary Berchowitz is the non-financial instruments leader in PwC’s Global Assurance Quality - Corporate Reporting Services group. Gary brings years of financial accounting experience, working to drive quality and connectivity throughout the PwC network and help local teams solve complex accounting issues in a practical way. Gary contributes to the firm’s global view on a variety of financial reporting matters.
Heather Horn is the PwC National Office Sustainability & Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s quarterly webcast series.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [e-mail].

챕터

1. IFRS financial performance reporting – The new landscape (00:00:00)

2. An overview of the new standard (00:01:10)

3. Aggregation and disaggregation (impacting all primary financial statements and notes) (00:05:00)

4. Structural changes to the statement of profit or loss (00:09:00)

5. Getting started with implementation and the timeline (00:18:25)

6. Management-defined performance measures (00:21:19)