The new international standard for financial statements requires profound changes to your data model, reporting, and financial structure in SAP.
IFRS 18 – Presentation and Disclosure in Financial Statements is the new standard issued by the International Accounting Standards Board that redefines how companies present their financial statements.
It will replace IAS 1 – Presentation of Financial Statements and will become mandatory from 2027.
Its main objective is to increase:
In practice, this completely changes the structure of the income statement and how the results are presented.
New mandatory categories (operational, investment, financing);
New standardized subtotals.
Review of the classification of income and expenses;
Reorganization of hierarchies.
Adjustments to the logic of records and groupings.
Redesigning financial reports;
Review of KPIs and management indicators.
Reprocessing is needed for comparability.
In practice, this completely changes the structure of the income statement and how the results are presented.
Tec2Cloud offers a complete approach to adapting your SAP environment to IFRS 18.
Companies that fail to anticipate these challenges may face:
Specialization in SAP Finance
Experience in complex projects
Integrated approach (business + technology)
Focus on compliance and performance.
Although it will become mandatory in 2027, the ideal time to start is now.
Adaptation projects:
Companies that start earlier reduce risks and costs.
Prepare your company for IFRS 18 safely.
Request a diagnosis and understand exactly the impact on your SAP.
Speak to a Tec2Cloud specialist.
Companies that start earlier reduce risks and costs.
