Scope sheet
finbryn.com
Technical accounting
IFRS 18 adoption support for US subsidiaries and IFRS reporters
Finbryn provides IFRS 18 adoption support for US subsidiaries and IFRS reporters: a gap assessment against IAS 1, a recast 2026 comparative statement of profit or loss, operating, investing and financing classifications and a draft management-defined performance measures note. Checked 2026-10-16 on ifrs.org: IFRS 18 applies to annual periods beginning on or after 1 January 2027.
What is included
- Gap assessment of the current income statement against IFRS 18
- Chart of accounts mapped to the operating, investing and financing categories
- Recast comparative statement of profit or loss
- Inventory of management-defined performance measures with draft reconciliation
- Updated reporting-pack template for the group
The process
- 1.
Get the group requirements
The parent's IFRS 18 timetable, revised pack template, policy manual and MPM list.
- 2.
Run the gap assessment
Compare the current income statement and chart of accounts with the five IFRS 18 categories and the two new subtotals.
- 3.
Map accounts to categories
Assign every income and expense account to operating, investing or financing, with a note on each judgment.
- 4.
Recast the comparative year
Rebuild the prior-year statements in the new layout with a reconciliation to the amounts reported under IAS 1.
- 5.
Draft notes and update the pack
MPM reconciliations where they apply, expense-by-nature disclosures, and the revised template populated.
Software
Microsoft Excel, QuickBooks Online, NetSuite, Sage Intacct
Finbryn is a brand of Northlane Solutions Inc., a Delaware corporation.
Reviewed October 2026