The implementation of "International Financial Reporting Standard 18 - Presentation and Disclosure in Financial Statements" (IFRS 18), effective from January 1, 2025, has set off a wave of transformation in the global corporate financial field. For enterprises, this is not just a simple adjustment of report formats but a profound innovation in financial management concepts and models. They need to invest significant resources in system upgrades and staff training to meet the new standard's requirements.
In terms of the industry ecosystem, software vendors have seized new opportunities, launching financial software compatible with the new standard. Consulting firms are also bustling, providing professional guidance to enterprises. Meanwhile, the new standard poses challenges, as some small and medium-sized enterprises face difficulties in the conversion process due to limited resources. In the long run, IFRS 18 will enhance the transparency and comparability of global financial information, promote the healthy development of capital markets, and drive enterprises to focus more on long-term value creation and risk management.
Published on December 25th, 2025
