A new era begins: transparent and comparable reporting with TFRS 18
TFRS 18 takes effect from 2027 and will replace the current TAS 1 "Presentation of Financial Statements". The new standard brings fundamental changes to the income statement, note disclosures, performance measures and the overall integrity of the financial statements. This transformation is not merely a matter of technical compliance; it also means restructuring corporate transparency, investor confidence and internal reporting processes.
What does TFRS 18 bring?
Mandatory operating profit: Standardised subtotals are introduced in the income statement.
Five categories in the income statement: Classification into operating, investing, financing, income taxes and discontinued operations is mandatory.
Management-defined performance measures (MPMs): The definition, calculation and reconciliation to TFRS subtotals must be disclosed.
Disaggregation of expenses: If expenses are presented by function, items such as depreciation and staff costs must be disclosed by nature in the notes.
New principles for note presentation: Disaggregated disclosure of aggregated information becomes mandatory.
Transition challenges
The transition to TFRS 18 requires restructuring not only accounting policies but also reporting systems, financial statement templates and performance reports. In the transition year, 2027, the 2026 financial statements must also be presented retrospectively under the new standard.
How we support you
Our TFRS 18 transition advisory services:
Current-state analysis: Assessing the level of compliance with TFRS 18
Impact analysis and gap assessment: Income statement, notes and MPM analyses
Transition strategy and roadmap: Timetable, responsibility matrix, training plan
Restructuring the financial statements: Restating the 2026 comparative statements and preparing the 2027 statements
Training and internal stakeholder communication: TFRS 18 training tailored to finance and management teams
Why us?
Implementing TFRS 18 successfully requires not only technical accounting knowledge but also strategic analysis, project management, technological alignment and corporate communication skills. With our experience in audit and advisory, we help your company adapt to this transformation in a prepared, planned and controlled way.
Contact us for more information. Let us plan your transition together.
For a proposal or further information, please contact us at [email protected] or [email protected], or call +90 212 951 02 47.
Let's assess the impact on your company together
Our specialists will clarify, in a short call, how regulatory changes affect your financial statements and obligations.
- Under founding-partner supervision
- Member of the SFAI international network
- Written, transparent proposal
or call: +90 212 951 02 47
This publication is for general information only and is not a substitute for professional advice.