From an accounting perspective, staying informed and up to date with regulatory developments is essential. Doing so enables us to perform our work with accuracy and helps ensure that the information we prepare and report is reliable. 

Among the most significant developments in recent years for entities reporting under International Financial Reporting Standards (IFRS) are the following: 

IFRS 18: A new approach to presenting financial performance 

IFRS 18 replaces IAS 1 and will be effective for annual reporting periods beginning on or after January 1, 2027, with early application allowed. 

The new standard introduces defined operating, investing, and financing categories within the statement of profit or loss, along with new subtotals, including operating profit. It also establishes disclosure requirements for management-defined performance measures (MPMs) and enhances the principles for combining and unpacking financial information, improving transparency and consistency in financial reporting. 

What can we do from now on? 

Review the structure of our reporting, identify the performance measures we communicate, and assess the adjustments needed to systems and processes. 

Amendments to IFRS 9 and IFRS 7: financial instruments 

Applicable to annual periods beginning on or after January 1, 2026, these adjustments clarify aspects of the classification and measurement of financial assets, including instruments with features linked to ESG objectives. 

They also clarify the removal of financial instruments and allow, under specific conditions, the removal of liabilities settled through electronic payment systems before the settlement date. In addition, they introduce new disclosure requirements. 

What should be reviewed? 

Financial contracts, accounting policies, and the operation of payment systems. 

Annual improvements to IFRS accounting standards 

Volume 11 includes amendments to IFRS 1, IFRS 7, IFRS 9, IFRS 10, and IAS 7, applicable to annual periods beginning on or after January 1, 2026. These are limited-scope changes intended to clarify requirements and improve their consistent application. 

Therefore, we recommend anticipating these changes so that we have sufficient time to assess their impact, train our teams, and prepare clearer financial information. 

Información actualizada en octubre de 2026.