Foreign exchange differences
This article provides insights into the application of the requirements of IFRS 18 to the classification of income and expenses arising from foreign exchange differences.
Sarah is the global head of the IFRS and corporate reporting team, focusing on the consistent application of both International Financial Reporting Standards (IFRS) and sustainability reporting standards. She actively represents Grant Thornton at technical meetings with international stakeholders and regulators.
Sarah has authored a number of publications on the practical application of IFRS Standards and works alongside IFRS technical partners from around Grant Thornton’s global network to develop consensus views on technical issues.
Sarah has a passion for promoting sustainability and non-financial reporting and is currently working closely with other large accounting networks on the implementation of the International Sustainability Standards Board (ISSB) standards and the reporting standards linked to the European Corporate Sustainability Reporting Directive (CSRD).
Previously, Sarah has worked with a broad range of companies across various industries. She has an auditing background having worked for Grant Thornton Australia, and was an integral part of that firm’s real estate and construction team having gained significant audit experience in dealing with clients in the property industry. Sarah continues to have a keen interest in leasing and the IFRS standard dealing with that topic.
Sarah is also a member of the Institute of chartered accountants in England and Wales (ICAEW).
This article provides insights into the application of the requirements of IFRS 18 to the classification of income and expenses arising from foreign exchange differences.
We have released 'IFRS Example Consolidated Financial Statements 2026' (Example Financial Statements) to support member firms' commitment to high-quality, consistent application of IFRS. The Example Financial Statements illustrate a twelve-month accounting period beginning on 1 January 2026.
This article sets out the segment information that needs to be disclosed in the consolidated financial statements of the reporting entity.