IFRS 18 Presentation and Disclosure in Financial Statements

IFRS 18 Presentation and Disclosure in Financial Statements sets out requirements for the presentation and disclosure of information in general purpose financial statements to help ensure they provide relevant information that faithfully represents an entity’s assets, liabilities, equity, income and expenses. It sets out general and specific requirements for the presentation of information in the statement(s) of financial performance, the statement of financial position and the statement of changes in equity. This Standard also sets out requirements for the disclosure of information in the notes. IAS 7 Statement of Cash Flows sets out requirements for the presentation and disclosure of cash flow information.

The Speaker

Kevin Vassallo is a senior executive at the Central Bank of Malta. He is a certified public accountant by profession and holds a post-graduate degree in the science of finance. His work experience includes internal audit, human resources management, portfolio management in the money & fixed-income markets, foreign exchange and risk management. He is currently a risk manager and also an ACCA tutor for BPP in advanced corporate reporting.