Presentation and Disclosure Requirements in Financial Statements issued under IFRS 18

This study aims to shed light on the presentation and disclosure requirements in financial statements issued in accordance with International Financial Reporting Standard No. 18 (IFRS 18), and to highlight its impact on other IFRS standards. The paper concludes that the newly introduced presentation and disclosure requirements under IFRS 18 have improved the quality of financial statements, thereby better fulfilling the needs of financial statement users. Consequently, it is essential to encourage entities to plan for the transition to adopting IFRS 18.