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How to get ready for IFRS 18 in FCCS?

edited Mar 21, 2025 2:28PM in Financial Consolidation and Close 3 comments

Hi,

IFRS 18 brings three categories of income and expenses, two income statement subtotals and one single note on management performance measures. It will be effective from Jan 2027 and applies retrospectively. So all changes etc need to be in place already in then beginning of next year.

Has anybody started planning how to handle this change in FCCS? Oracle does not have any specific guidelines or best practices for this change (I have asked).

Thanks!

br. Soile

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