IFRS 18: Management Defined Performance Measures
Executive Summary At a Glance Issued by the IASB in April 2024 and mandatory from 1 January 2027, IFRS 18 ‘Presentation and Disclosure in Financial Statements’ replaces IAS 1 and introduces a strict framework for Management Defined Performance Measures (MPMs). Companies that communicate non-GAAP metrics, such as Adjusted EBITDA or Adjusted Operating Profit, in press releases, […]
Transforming the Public Sector: Saudi Arabia’s Shift to Accrual Accounting
In recent years, Saudi Arabia has undertaken one of the most ambitious financial reforms in its history. As part of Vision 2030, the Kingdom has transitioned its public sector from cash-basis accounting to accrual-basis accounting, fully aligned with the International Public Sector Accounting Standards (IPSAS). This transformation is far more than a technical accounting change […]
