IFRS 18 MPMs: what counts and what the note must contain

What an IFRS 18 implementation plan has to deliver, in order: governance, classification, the MPM note, systems and tagging, transition and covenants. Written for a December year-end group adopting from 1 January 2027.

IFRS 18 changes what companies report as operating profit and pulls adjusted measures into the audited accounts. This piece covers what changes, what it means for boards and audit committees, and what to start before year-end.