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No. Taxxa is a research and drafting workspace. It helps professionals reach an informed starting point faster; the professional still reviews the evidence and makes the final decision. It does not file returns, post bookkeeping entries or give legal advice.

SwedenFAR

IFRS 18 preparation: map presentation changes before 2027

IFRS 18 introduces defined profit subtotals, disclosures about management-defined performance measures and clearer grouping principles. FAR recommends preparing the reporting process.

By Taxxa AI OyPublished 25 August 2026

Accounting & Reporting

Industry: Across industries

IFRS 18 replaces IAS 1 and is effective for annual reporting periods beginning on or after 1 January 2027, with early application permitted. The IFRS Foundation identifies two defined subtotals—operating profit and profit before financing and income taxes—alongside disclosures of management-defined performance measures and new aggregation and disaggregation principles.Ifrs

FAR’s preparation article recommends learning the standard, forming a group to coordinate implementation and analysing how existing transactions fit the new presentation. It also emphasises internal communication about reporting instructions and routines. Finance teams can use those steps to identify changes to account mappings and reporting processes before their first IFRS 18 period.FAR

Assign an implementation owner and map affected reporting lines, performance measures and group instructions.

IFRS 18 preparation: map presentation changes before 2027

Sources

IFRS 18 preparation: map presentation changes before 2027

Sources