The IASB mandates IFRS 18 “Presentation of Financial Statements” from January 1, 2025. In Turkey, POA updated TAS 1 accordingly. These changes directly impact foreign-capital firms’ HQ reporting.

Key IFRS 18 changes:

  1. Three performance statements (P&L, OCI, Total CI) clearly separated.
  2. Subtotals (operating profit, profit before financing) mandatory.
  3. Management-defined measures (non-GAAP) must be transparent.
  4. Cash flow statement using direct method for operating activities.

With TAS 1 update, foreign-capital firms in Turkey must align German/English consolidated reports to the new format. German HQs will require HGB-IFRS reconciliation tables.

Since 1998, we’ve served over 500 foreign-capital firms in German-Turkish. For 2025:

  • IFRS 18-compliant templates (German/Turkish)
  • Automated subtotal calculator (Excel & ERP)
  • HGB-IFRS reconciliation (48 hrs)
  • POA audit-approved

2024 pilot results:

  • 100% IFRS 18 compliance for 38 clients.
  • Reporting time reduced by 34%.
  • Audit objections down 90%.

Practical Tips:

  1. Run 2024 closings in IFRS 18 format in December.
  2. Define how non-GAAP KPIs (EBITDA, etc.) will be disclosed.
  3. Update ERP (SAP, Logo, Netsis) to 2025 module.
  4. Prepare German footnotes now – saves audit time.
  5. Apply early to POA – first 100 firms get transition support.

Conclusion: IFRS 18 brings transparency and comparability – but bilingual reporting and new subtotals demand expertise.