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IFRS 18
What does IFRS 18 change, and what has to exist before the 2027 statements? Why 2026 is the real deadline, and the bank-specific judgements: main business activity, the split of the interest line, and which KPIs become audited measures.
2 articles in this topic
Read in this order.
- 12 Sept 2026 IFRS 18: the comparative year is 2026, and it is nearly over IFRS 18 is effective from 1 January 2027 and applied retrospectively. That makes 2026 the comparative year, so the practical deadline arrives before the standard is technically mandatory. This is what changes and why the timing bites.
- 13 Sept 2026 IFRS 18 and the bank income statement: the main business activity judgement comes first For most entities IFRS 18 is a presentation exercise. For a bank the income statement has no shape until two judgements are made and two policies chosen. What they are, how the interest line splits, which KPIs become audited measures, and what to do in the last quarter of 2026.
Where this becomes work