IFRS 18 moves from policy assessment into 2027 close readiness | Consolidation

Map group chart-of-account and reporting-package lines into the new presentation structure.

Identify management-defined performance measures and the data, reconciliation, and approval evidence they require.

Evaluate aggregation and disaggregation across entities, disclosures, systems, and close controls.

Run comparative dry closes early enough to expose data and mapping gaps before the effective period.

Which entities and reporting periods enter the transition perimeter first?

Where do current consolidation mappings depend on IAS 1 presentation conventions?

Which non-GAAP or management measures may require structured disclosure records?

Who approves mapping changes, comparatives, and group reporting instructions?

Suggested stage: Map

Route the standard into chart mapping, reporting-package design, comparative testing, and approval.

Retained record: Affected entities, mapping versions, dry-close exceptions, reconciliation evidence, and sign-off.

Guided route: https://www.consolidation.app/product-tour?stage=map&briefing=ifrs-18-2027-readiness

Editorial state: Current snapshot

Last checked: 2026-08-20

Next review: 2026-09-17

Editorial owner: Group reporting editor

Supersession: No supersession recorded

Primary source: IFRS Foundation issued standard page.

Mandatory effective date shown by the IFRS Foundation: 1 January 2027.

Early application is permitted.

Entity-specific transition and accounting conclusions require professional review.

Primary source: https://www.ifrs.org/issued-standards/list-of-standards/ifrs-18-presentation-and-disclosure-in-financial-statements/?hl=en-GB