by Ekrem Duman | Jun 19, 2026 | Accounting, Presentation & Disclosure
⚡ TL;DRIFRS 8 requires listed entities to disclose information about their operating segments based on the components management actually uses to run the business — the ‘management approach’. Segments are identified from internal reporting to the chief...
by Ekrem Duman | Jun 19, 2026 | Accounting, Presentation & Disclosure
⚡ TL;DRIAS 24 requires disclosure of related party relationships, transactions, and outstanding balances so that users understand the potential effect of related parties on the financial statements. It covers parents, subsidiaries, associates, key management...
by Ekrem Duman | Jun 19, 2026 | Accounting, Presentation & Disclosure
⚡ TL;DRIFRS 18 replaces IAS 1 for annual periods beginning on or after 1 January 2027. It introduces defined categories and required subtotals in the income statement (operating, investing, financing), disclosures about management-defined performance measures, and...
by Ekrem Duman | Jun 19, 2026 | Accounting, Presentation & Disclosure
⚡ TL;DRIAS 7 governs the statement of cash flows, which classifies cash movements into operating, investing, and financing activities. Operating cash flow can be presented using the direct or indirect method. The statement reconciles profit to cash, revealing the...
by Ekrem Duman | Jun 19, 2026 | Accounting, Presentation & Disclosure
⚡ TL;DRIAS 1 sets out the overall requirements for presenting financial statements: the complete set of statements, the going concern and accrual bases, the structure of the balance sheet and income statement, and the principles of materiality, aggregation, and...
