IFRS 18 is not merely a new set of requirements. It is an opportunity for companies to make financial reporting clearer, more structured and more useful.

To prepare effectively, companies should focus on eight key areas:

• Clarify the purpose of subtotals
  Understand what each subtotal is intended to communicate and ensure that it provides meaningful information to users.

• Establish clear profit layers
  Review how financial performance is presented and organise the relevant profit measures in a consistent and understandable way.

• Standardise the reporting structure
  Promote greater consistency in the presentation and classification of financial information across reporting periods and, where relevant, across the group.

• Highlight key performance information
  Ensure that important performance information is clearly presented and not obscured by excessive or less relevant detail.

• Start preparing early
  Early preparation gives the finance team more time to understand the requirements, identify gaps and address implementation issues.

• Assess the impact on systems and processes
  Review the effects on the chart of accounts, reporting systems, data collection, management reports, consolidation processes and internal controls.

• Strengthen communication
  Finance teams should communicate with management, the Board, auditors, IT teams and other relevant departments so that everyone understands the changes and their implications.

• Prepare an implementation plan
  Set out the key actions, responsibilities, timelines, training requirements and review procedures needed to implement the changes effectively.

The earlier a company begins preparing, the smoother the transition is likely to be.

Turn complexity into clarity, and turn change into opportunity.

CCS | Beyond Numbers

IFRS 18 带来的机会，你准备好了吗？

IFRS 18 不只是新的会计要求，也是企业让财务报告变得更清晰、更有结构及更具价值的机会。

为了更有效地准备，企业应重点关注以下八个方面：

• 明确小计的目的
  了解每一个小计所要传达的信息，并确保其能够为财务报表使用者提供有意义的资料。

• 建立清晰的利润层级
  检讨财务表现的呈报方式，以一致及容易理解的方式呈现不同的利润指标。

• 统一财务报告结构
  加强不同报告期间之间，以及在适用情况下集团内部不同实体之间的呈报及分类一致性。

• 突出重要的表现资料
  确保重要的财务表现信息清楚呈现，不被大量不重要或相关性较低的资料淹没。

• 尽早开始准备
  提早准备可以让财务团队有更多时间了解新要求、识别差距，并及时处理实施过程中可能出现的问题。

• 评估系统与流程的影响
  检讨新要求对会计科目表、财务报告系统、资料收集、管理报告、集团合并流程及内部控制的影响。

• 加强沟通
  财务团队应与管理层、董事会、审计师、IT 团队及其他相关部门保持沟通，确保各方了解变化及其影响。

• 制定落实计划
  列出实施所需的主要行动、负责人员、时间表、培训要求及检讨程序，以确保新要求能够有效落实。

企业越早开始准备，转换过程就越有可能顺利。

把复杂变清晰，把变化变成机会。

CCS | Beyond Numbers