{"id":1989,"date":"2025-05-24T14:08:20","date_gmt":"2025-05-24T06:08:20","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1989"},"modified":"2025-08-08T14:11:53","modified_gmt":"2025-08-08T06:11:53","slug":"technical-webcasts-on-ifrs-18-taxonomy-implementation","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2025\/05\/24\/technical-webcasts-on-ifrs-18-taxonomy-implementation\/","title":{"rendered":"Technical Webcasts on IFRS 18 Taxonomy Implementation"},"content":{"rendered":"\n<p>The IFRS Foundation has launched a comprehensive two-part webcast series designed to guide stakeholders through the significant updates to the IFRS Accounting Taxonomy resulting from the introduction of <em>IFRS 18 &#8220;Presentation and Disclosure in Financial Statements&#8221;<\/em>.<\/p>\n\n\n\n<p>This technical resource provides essential guidance for preparers, auditors, regulators, and software developers involved in digital financial reporting using XBRL.<\/p>\n\n\n\n<p><strong>Key Details of the Webcast Series:<\/strong><\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li>Webcast 1: Statement of Profit or Loss Restructuring:\n<ul class=\"wp-block-list\">\n<li>Focuses on taxonomy changes reflecting IFRS 18&#8217;s overhaul of the income statement.<\/li>\n\n\n\n<li>Explains the implementation of new, mandated subtotals (like &#8220;Operating Profit&#8221;) and revised <strong>categories<\/strong> within the statement.<\/li>\n\n\n\n<li>Details the necessary tagging structures to accurately represent the redefined presentation under the new standard.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Webcast 2: Enhanced Disclosure Requirements:\n<ul class=\"wp-block-list\">\n<li>Addresses taxonomy updates for IFRS 18&#8217;s new disclosure mandates.<\/li>\n\n\n\n<li>Specifically demonstrates how to tag management-defined performance measures (MPMs), a key area of enhanced transparency under IFRS 18.<\/li>\n\n\n\n<li>Guides users on tagging expenses classified by nature using the updated taxonomy elements and structures.<\/li>\n\n\n\n<li>Highlights the use of revised taxonomy tools to facilitate these critical disclosures.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p>These webcasts are critical technical resources ensuring stakeholders can correctly apply the taxonomy updates mandated by IFRS 18, promoting consistency, comparability, and machine-readability in financial reporting globally. Understanding these taxonomy changes is vital for successful implementation and compliance with IFRS 18&#8217;s presentation and disclosure requirements.<\/p>\n\n\n\n<p><strong>Source:<\/strong> IFRS, 20 May 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IFRS Foundation has launched a comprehensive two-part webcast series designed to guide stakeholders through the significant updates to the IFRS Accounting Taxonomy resulting from the introduction of IFRS 18 &#8220;Presentation and Disclosure in Financial Statements&#8221;. This technical resource provides essential guidance for preparers, auditors, regulators, and software developers involved in digital financial reporting using [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,6],"tags":[],"class_list":["post-1989","post","type-post","status-publish","format-standard","hentry","category-accounting","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1989"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1989\/revisions"}],"predecessor-version":[{"id":1990,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1989\/revisions\/1990"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1989"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}