2026 Note: IAS 1 Presentation of Financial Statements (before IFRS 18)

2026 note: IAS 1 is still applicable before IFRS 18 becomes effective. IFRS 18 Presentation and Disclosure in Financial Statements will replace IAS 1 for annual reporting periods beginning on or after 1 January 2027, with earlier application permitted. This video is a short executive summary of IAS 1 Presentation of Financial Statements. It does not replace the full standard. You can access the official IFRS Standards through the IFRS Foundation’s website. Content: 00:00 Introduction 00:38 Objective of IAS 1 02:27 Purpose of financial statements 03:23 General features of financial statements 05:15 Identification of financial statements 05:58 Statement of financial position 07:37 Statement of profit or loss and other comprehensive income 09:40 Statement of changes in equity 10:38 Notes to the financial statements Related video: Watch my IFRS 18 summary for the upcoming presentation and disclosure requirements.    • IFRS 18 in 2026: Presentation and Disclosu...   Online IFRS course by Silvia, CPDbox: https://www.cpdbox.com/ifrs-kit/ Subscribe to Silvia’s free newsletter: https://www.cpdbox.com/ #IFRS #IAS1 #IFRS18 #IFRSaccounting