Approach to Constructing an Analytical Balance Sheet in Accordance with IFRS 18

This article examines balance sheet presentation and disclosure issues in connection with the entry into force of IFRS 18, which requires comparability and quality of disclosure in financial statements and changes the disclosure requirements for financial statements. The adoption of IFRS 18 does not fundamentally change the balance sheet structure but maintains the previous logic of IAS 1: assets and liabilities are reflected in the balance sheet as non-current and current, and, where appropriate, are grouped by degree of li-quidity. The impact of IFRS 18 on balance sheet structure is evident in the ability to re-group items based on the analyst's objectives. The order and detail of balance sheet items can be adapted to the business model, based on feasibility and the accountant's profes-sional judgment. The objective of this study is to identify areas for improving the analyt-ical power of the balance sheet within the context of the key provisions of IFRS 18. The article substantiates the conclusion that IFRS 18 encourages organizations to better ag-gregate and disaggregate balance sheet items. This, in turn, contributes to the increased information content of the balance sheet and improves its readability by stakeholders. The authors propose an approach to constructing an analytical balance sheet based on a two-level grouping of items by asset and liability type, as well as by economic function and liquidity. This approach to constructing an analytical balance sheet will allow the analyst to more accurately assess the structure of a company's assets and liabilities.