This is Part 2 of a two‑part training course. Part 1 was presented earlier in May 2026. Please ensure you have booked and attended both Part 1 and Part 2 to cover the full course content.

Registration Form Below:

Duration: 2 hours

Overview

On 9 April 2024, the International Accounting Standards Board (IASB) issued IFRS 18 Presentation and Disclosure in Financial Statements. IFRS 18 replaces IAS 1 Presentation of Financial Statements and is effective for annual reporting periods beginning on or after 1 January 2027, with earlier application permitted. The standard carries forward many requirements from IAS 1 unchanged but introduces new requirements to improve companies’ reporting of financial performance and give investors a better basis for analysing and comparing companies.

IFRS 18 does not change how entities recognise or measure items in the financial statements. It does, however, significantly affect how financial performance is presented and disclosed, with a particular focus on the statement of profit or loss with consequential amendments to other standards, including IAS 7 Statement of Cash Flows. The impact of IFRS 18 is considered to be pervasive as it affects all financial statements prepared under IFRS Accounting Standards.

Auditors must carefully navigate these changes to provide assurance on compliance.

This training will provide participants with an overview of the main changes introduced by IFRS 18 and their expected impact.

Content and outline

Explanation of the following concepts and demonstration of their practical application:

• Key changes resulting from IFRS 18
• Effective date and transition
• Impact on the Statement of Profit or Loss
• Management-defined performance measures
• Aggregation, disaggregation and labelling
• Changes to the Statement of Cash Flows
• Key Actions/Considerations

Certification

Upon completion of the course, participants will receive a verifiable attendance certificate.

Registration: