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22 April 2026

Unpacking IFRS 18

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. What standard does IFRS 18 replace?

  2. Why were analysts previously cautious about operating profit figures?

  3. What is a key change introduced by IFRS 18?

  4. When does IFRS 18 become effective?

  5. Why is the new operating profit figure significant?


  6. Which of the following statements is true? Statement 1, the new operating profit figure is significant because it provides a consistent basis for performance assessment, or statement 2, the new operating profit figure is significant because it replaces revenue as the main metric

  7. Under IFRS 18, what management performance measures are required?

  8. Which of the following statements is true? Statement 1, a key challenge when using alternative performance measures is that they are better suited to companies that operate in a group structure, or statement 2, a key challenge when using alternative performance measures is that their original rationale may fade over time

  9. How might IFRS 18 impact debt covenants?

  10. Why will implementation of IFRS 18 be challenging?

1 Unit

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