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關於我們會員資格成為香港會計師專業發展準則制訂思維領導最新消息會員專區
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      忘記密碼/使用者名稱 重新發送啟動電郵 註冊帳號 幫助網絡登錄

      HKFRS 18 Presentation and Disclosure in Financial Statements

       

        


      Technical Resources
      This webpage contains pronouncements, guides and articles that are relevant to HKFRS 18 Presentation and Disclosure in Financial Statements.
       
      Effective Date
      Financial periods beginning on or after 1 January 2027. Earlier application is permitted.
       
      Affected standards
      Supersedes HKAS 1 Presentation of Financial Statements.
       
      Why do we need a new Accounting Standard?
      HKFRSs do not have detailed requirements on where to classify income and expenses in the statement of profit or loss; what subtotals to present above “profit or loss” in the statement of profit or loss; or how to group the information to be presented in the primary financial statements or disclosed in the notes.

       

      This lack of detailed requirements leads to diversity in practice. Companies define their own subtotals and performance measures and group items in their own ways. Investors commented that this diversity makes it difficult to analyse and compare companies’ performance.

       

      HKFRS 18 introduces three new sets of requirements to improve how companies communicate in their financial statements, with a focus on information about financial performance in the statement of profit or loss. The new requirements in HKFRS 18 will give investors more transparent and comparable information about companies’ financial performance, thereby enabling better investment decisions.

      • Adding three defined categories and two subtotals to the statement of profit or loss makes companies’ financial performance easier to compare and provides a consistent starting point for investors’ analysis.
      • Requiring companies to disclose information about management-defined performance measures increases discipline over their use and transparency about their calculation.
      • Setting out requirements on whether information should be in the primary financial statements or the notes and providing principles on the level of detail needed improves effective communication of information.

       

       

      Click below for more information


      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif
      Additional references issued by the Institute and IASB 
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif Useful references issued by other organisations
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif

       

      Focus:



      Additional references issued by Standard Setters and Regulators
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif The Institute Standard Setting Department
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif IASB
       

       

      Useful references issued by other organisations
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif
       BDO
       
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif Deloitte
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif EY
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif KPMG
      file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif PwC
       

       

      Aplus articles
      January 2024: Goodbye IAS 1; Hello IFRS 18

      July 2024: HKFRS 18: a paradigm shift in financial performance presentation
       
         

       

      Frequently used resources

       
       



      Technical enquiries

        Click here to submit questions on standards issued by the Institute.
         
       


      Last updated: September 2024



       
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