Who should check?
Organizations whose reporting obligations include IFRS 18 and whose account offers the supported income-statement layout. Your finance team should confirm whether the standard applies and which periods, comparatives, subsidiaries and accounting books the reports need to cover.
Published milestones
- August 2026 minor release (NetSuite 2026.2)Oracle documents the configurable IFRS 18 layout; verify account eligibility and supported reports.
- Annual reporting periods beginning on or after January 1, 2027IFRS 18 applicability threshold for organizations subject to that standard; not a NetSuite platform removal or upgrade deadline.
Check your Oracle account notice before scheduling an update.
What to do next
- Confirm applicability, account availability, report scope and finance-approved classifications before editing a layout.
- Configure an agreed sample of layouts and section filters; check subtotals, coverage and accidental overlap against the approved mapping.
- Reconcile totals and agreed comparative outputs, document exceptions and obtain finance acceptance before replacing the operational report.
What we’ll review
Finance-approved account classifications, chart of accounts, the available report/layout, selected books and subsidiaries, reporting and comparative periods, and named acceptance owners. Financial Statements and Report Customization permissions are needed for Financial Report Builder.
See a related project
See our financial-close and reporting approach →Sources and updates
Oracle documentation
NetSuite 2026.2 August minor release ↗Oracle publication/update date not stated on this page. · Source checked:
Using the IFRS 18 income statement layout ↗Oracle publication/update date not stated on this page. · Source checked:
Financial Report Builder and permissions ↗Oracle publication/update date not stated on this page. · Source checked:
Update history
- 2026-10-18 — Published this guide using existing Oracle documentation.