The increasing importance of the comparability of financial statements is a central focus of international accounting. With the introduction of IFRS 18, the International Accounting Standards Board aims to increase the comparability and transparency of financial information in reporting. The new accounting standard replaces the previous IAS 1 and brings substantial changes to the structure of the income statement. Other features of IFRS 18 include the increased (dis-)aggregation of information and the introduction of Management Performance Measures (MPMs). The new standard will come into effect on January 1, 2027, although early adoption is possible. This master’s thesis outlines the regulatory requirements of IFRS 18 and empirically analyses its potential impact on financial metrics and their value relevance for publicly listed companies in the DACH region. The thesis is structured into five main chapters. After an introduction to the topic, the regulatory requirements of IFRS 18 are presented in detail. The current state of research is analyzed through a systematic literature review, based on relevant academic studies and articles. The empirical part of the thesis involves a quantitative analysis of the impact of IFRS 18 on financial metrics and their value relevance, using a regression analysis based on the Ohlson model (1995). The empirical analysis focuses on publicly listed companies in the DACH region and compares selected financial metrics of these companies before and after the application of IFRS 18. In addition to regression analysis, descriptive statistics are used to examine the effects of the new standard on various financial metrics, such as operating profit, equity, and cash flow. The results of the empirical analysis demonstrate that IFRS 18 has significant effects on the presentation of financial metrics. The examination of value relevance revealed that the application of IFRS 18 increased the explanatory power of financial metrics for the market value of companies. While only the investment cash flow was significant before the application, the model after IFRS 18 showed a higher explanatory power, with operating profit additionally identified as significant. The descriptive analysis highlights that the application of IFRS 18 led to changes in the examined financial metrics.
- Controlling, Accounting and Financial Management
Der potenzielle Einfluss von IFRS 18 auf die Finanzkennzahlen und die Wertrelevanz börsennotierter Unternehmen im DACH-Raum
Schützenhofer, J. (Author). 2025
Student thesis: Master's Thesis