IFRS 18 implementation services that get you audit-ready before the 1 January 2027 deadline, across the GCC, Pakistan and Europe.
The standard introduces five categories in the statement of profit or loss: operating, investing, financing, income taxes and discontinued operations. It also adds two mandatory subtotals, operating profit and profit before financing and income taxes. These changes reshape how every IFRS reporter presents financial performance.
For finance teams across the GCC, Pakistan and Europe, the driver is regulatory, not optional. Companies that report under IFRS Accounting Standards move to IFRS 18 on the same timeline. The work to get there starts with the numbers you are producing today.
IFRS 18 moves management-defined performance measures inside the audited financial statements for the first time. Each MPM now needs a note that explains why it is useful, shows how it is calculated, and reconciles it to the closest IFRS measure. Measures that once sat outside the accounts are now subject to audit.
The pressure is practical as well as technical. Retrospective application means 2026 is the comparative year, so restatement work is due before the mandatory date, not after. Boards and auditors are asking for readiness status now.
What teams need: A clear view of where current financial statements fall short of IFRS 18. How Prima solves it: We perform a gap assessment against IFRS 18 and prioritize the actions needed for compliance. - Written gap analysis report ready for board review - Prioritized action plan with owners and timelines - Early estimate of the 2026 restatement effort
What teams need: Management Performance Measures that meet IFRS 18 disclosure requirements and stand up to audit. How Prima solves it: We identify every MPM and prepare the required reconciliations and supporting disclosures. - Complete inventory of Management Performance Measures with supporting rationale - Reconciliation to the closest IFRS-defined measure - Disclosure notes prepared for auditor review
What teams need: Comparative financial statements restated under IFRS 18 without disrupting ongoing reporting. How Prima solves it: We prepare the required restatements and deliver audit-ready financial statements. - Restated 2026 comparative figures prepared under IFRS 18 - Audit-ready statement of profit or loss - Support throughout the external audit process
What teams need: A consistent way to classify transactions into the five IFRS 18 categories. How Prima solves it: We create a mapping framework that aligns your line items with the required IFRS 18 categories. - Documented classification logic for every line item - Correct operating profit subtotal presented in the statement of profit or loss - Consistent treatment across reporting periods and entities
What teams need: A reporting structure and chart of accounts that support IFRS 18 reporting. How Prima solves it: We recommend the chart of accounts, reporting, and data model changes needed to produce IFRS 18-compliant outputs. - Chart of accounts change recommendations - Data mapping from source systems to IFRS 18 categories - Fewer manual adjustments during financial reporting
What teams need: A structured implementation plan with defined stages, timelines, and costs. How Prima solves it: We break the implementation into clear phases with measurable deliverables at every stage. - Phased project plan with defined deliverables - Clear cost and timeline for every stage - Progress updates ready for every board meeting
Prima’s IFRS 18 advisory covers eight service lines. Track A builds and restates your reporting. Track B reviews work your team does in-house.
| Service | What It Means for Your Reporting |
|---|---|
| Impact assessment and gap analysis | You get a ranked list of every change your statements need, so nothing surfaces late in audit. |
| P&L restructuring advisory | Your line items map to the operating, investing and financing categories, so both mandatory subtotals are correct. |
| MPM compliance framework | Your management measures carry reconciliations and tax-effect disclosures, so they hold up inside the audited accounts. |
| Disaggregation and aggregation advisory | Your line items are separated and grouped to the IFRS 18 principles, so disclosure depth matches the standard. |
| Comparative period restatement support | Your 2026 figures are restated early, so you are not restating under deadline pressure in 2027. |
| Accounting policies and disclosure manual | Your policies and notes are documented in one place, so your team applies IFRS 18 consistently. |
| Staff training and workshops | Your finance team learns the new categories and MPM rules, so knowledge stays in-house after the project. |
| Pre-audit readiness review | Your statements are tested for audit questions in advance, so the audit runs with fewer surprises. |
| Auditor coordination support | We work alongside your external auditor, so technical points on categories and MPMs are resolved on time. |
| Step 1: Impact Assessment |
We review your current financial statements against IFRS 18 and identify every gap. | OUTPUT: Gap-analysis report with a ranked action list. |
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| Step 2: Income Re-mapping |
We classify your income and expenses into the five categories and design the new subtotals. | OUTPUT: Documented mapping and a draft IFRS 18 statement of profit or loss. |
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| Step 3: MPM Design |
We identify each management-defined performance measure and build its reconciliation. | OUTPUT: MPM inventory with reconciliations and draft disclosure notes. |
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| Step 4: Systems Readiness |
We advise on the chart-of-accounts and data changes needed to produce IFRS 18 output. | OUTPUT: Chart-of-accounts and data-mapping change plan. |
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| Step 5: Restatement and Audit Support |
We restate 2026 comparatives and support the external audit. | OUTPUT: Restated comparatives and audit-ready IFRS 18 statements. |
Procedures written in the language of your industry, not generic templates.
Interest and fee flows need careful placement across the operating and financing categories, and MPMs such as underlying profit require reconciliation.
Fair-value movements and financing costs need clear category placement to keep the operating result meaningful.
High-volume, multi-entity groups need consistent classification across the group and its comparatives.
Investing-category presentation and performance measures need alignment with the new subtotals.
IFRS 18 presentation sits alongside IFRS 17 outputs, so the statement structure and MPMs need joint treatment.
Recurring-revenue businesses often report adjusted measures, which now need MPM reconciliations inside the accounts.
Capital-heavy operators must separate financing from operating items so subtotals present performance fairly.
A hospitality group reduced new hire onboarding from 3 weeks to 6 days after completing a full departmental SOP development engagement with Prima Consulting.
Onboarding time reduced
Prima Consulting gave us something we had been putting off for years. Within eight weeks we had a full set of operational procedures for every department. Our next franchise partner signed the agreement because our documentation was ready.' – Jabbar Rasheed, CFO
Waiting does not remove the work, it moves it into the audit window. Teams that start in 2027 restate the 2026 comparative year under deadline and auditor scrutiny at the same time. That is the most expensive way to reach compliance.
The exposure is not only time. MPMs now sit inside the audited accounts, so a measure that used to be a marketing number can trigger an audit finding. Reporting systems that cannot produce the five categories force manual workarounds, which add error risk to statements the market reads.
Late adoption also weakens investor comparability, because your first IFRS 18 statements arrive rushed rather than planned. Key-person dependency grows when one person holds the mapping logic in their head. IFRS 18 implementation is not an administrative cost, it is the reporting infrastructure that keeps your financial statements audit-ready and comparable from 2027 onward.
A short readiness assessment shows your exposure and the next steps. You get a clear picture whether or not you work with Prima.
Cost depends on your group size, number of entities and the state of your current mapping. Most projects start with a fixed-scope gap assessment, then move to a scoped plan. You get a clear cost per stage before work begins.
Timelines depend on complexity, and a focused gap analysis often takes a few weeks. Full re-mapping and comparative restatement run longer for multi-entity groups. Starting now keeps the 2026 comparative work off the audit deadline.
The service covers gap assessment, income and expense re-mapping, MPM design, chart-of-accounts advice and 2026 restatement. A separate review track supports teams doing the work in-house. You choose the track that fits your resources.
IFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027. Early application is permitted. Because it applies retrospectively, 2026 is the comparative year most companies must restate.
IFRS 18 applies to entities that prepare financial statements under IFRS Accounting Standards, including many private groups and subsidiaries. It replaces IAS 1, so current IAS 1 preparers move to IFRS 18. A short assessment confirms your scope.
Yes. We coordinate with your auditor so technical points on categories and MPMs are resolved directly. This reduces back-and-forth during the audit.
It groups income and expenses into five categories and adds two mandatory subtotals, operating profit and profit before financing and income taxes. The face of the statement changes for most reporters. The notes and MPM disclosures change as well.
An MPM is a management subtotal of income and expenses used in public communications to convey management's view of performance. Under IFRS 18 each MPM needs a note with a rationale, a calculation and a reconciliation to the closest IFRS measure. These notes are now audited.
Many reporting systems and charts of accounts cannot produce the five categories directly. We advise on the mapping and chart-of-accounts changes needed. This reduces manual work at period end.
Yes. We support IFRS reporters across the GCC, Pakistan, Germany, Ireland and the wider MENA and Europe regions. The standard and timeline are the same across IFRS jurisdictions.
Yes. The review track checks your mapping, MPM notes and audit readiness. You keep the work in-house and get a senior technical check before audit.
To start, we need your most recent financial statements and your chart of accounts. From there we run the gap assessment. You get the action list before any larger commitment.
IFRS 18 requires two subtotals on the face of the P&L: operating profit, and profit before financing and income taxes. Operating profit was optional under IAS 1. Both are now required in every income statement.
The overall current and non-current structure of the balance sheet is retained. IFRS 18 mainly changes disaggregation and disclosure depth, with clearer separation of financing-related items. The face of the statement of financial position sees limited structural change.
IFRS 18 does not prescribe a new structure for the cash flow statement, which continues under IAS 7. It does set operating profit as the single starting point for the indirect method. This removes some of the classification options entities used before.
IFRS 18 applies to general purpose financial statements. Condensed interim statements remain under IAS 34. Full interim statements follow IFRS 18 presentation.
MPMs cannot be given more prominence than IFRS-defined subtotals. Each MPM needs a note with a reconciliation and the tax effect of every adjustment. Management must also explain why the measure is useful to investors.
The IFRS 18 1 January 2027 deadline is fixed, and 2026 is already the comparative year. Prima's IFRS 18 implementation services take you from gap analysis to audit-ready IFRS 18 statements, with the regional context your reporting sits in. Start with a free readiness assessment and get a clear picture of what your move to IFRS 18 requires.
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