IFRS Accounting Standards in Practice

This article was originally published by  BDO Global and is shared here as part of knowledge exchange across the BDO global network.

This publication provides an overview of the requirements of IFRS 18 Presentation and Disclosure in Financial Statements related to classification of loans with covenants as current or non-current. The publication includes a flow chart to help in determining the classification of loans as current or non-current, along with application of the flow chart to multiple scenarios.

How BDO can help

BDO professionals can support organisations in understanding and implementing the requirements of IFRS 18, including assessing impacts on financial statement presentation and disclosures. Our teams provide practical guidance to help ensure a smooth and compliant transition.