In this episode, we discuss IFRS 18, the new standard for presentation and disclosures in financial statements. We explore its main objectives, such as improving comparability and transparency of financial statements without introducing new measurement requirements. The episode covers key changes, including the categorization of the income statement into operating, investing, and financing categories, as well as management-defined performance measures (MPMs). We also discuss specific developments for banks and financial institutions, including guidance on foreign exchange treatment and derivatives.