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The International Accounting Standards Board (IASB) has introduced a new accounting standard, IFRS 18 Presentation and Disclosure in Financial Statements, aimed at enhancing the transparency and comparability of companies’ financial performance. The standard introduces structured categories for income and expenses, requiring companies to provide defined subtotals such as operating profit. It also mandates disclosure of company-specific performance measures, enhancing transparency and making them subject to audit. Additionally, the standard provides guidance on organizing financial information to provide investors with more detailed and useful insights. Andreas Barckow, IASB Chair, highlights that IFRS 18 represents a significant change in financial performance presentation, offering investors better information for analysis. The standard will be effective from January 1, 2027, but companies have the option to adopt it earlier. IFRS 18 replaces IAS 1 Presentation of Financial Statements and is the outcome of the IASB’s Primary Financial Statements project.