IFRS 18 Presentation and Disclosure in Financial Statements Part 1

Overview

On 9 April 2024, the International Accounting Standards Board (IASB) issued IFRS 18 Presentation and Disclosure in Financial Statements, replacing IAS 1 Presentation of Financial Statements. Effective for annual reporting periods beginning on or after 1 January 2027, IFRS 18 introduces significant changes aimed at improving transparency, comparability, and consistency in financial reporting.

While IFRS 18 does not change the recognition or measurement of items in the financial statements, it fundamentally changes how financial performance is presented and disclosed. The standard places particular emphasis on the Statement of Profit or Loss, introduces requirements relating to management-defined performance measures, and results in consequential amendments to other standards, including IAS 7 Statement of Cash Flows.

Given the pervasive impact of IFRS 18 across IFRS financial statements, auditors and preparers must carefully understand the new requirements and their practical implications to ensure compliance and maintain reporting quality.

This training session will provide participants with a practical overview of the major changes introduced by IFRS 18 and the expected impact on financial reporting and audit engagements.

What You Will Learn

• The key changes introduced by IFRS 18
• Effective date and transition requirements
• The impact on the Statement of Profit or Loss
• Understanding and applying management-defined performance measures (MPMs)
• Requirements relating to aggregation, disaggregation, and labelling
• Changes affecting the Statement of Cash Flows
• Key implementation considerations and practical actions

Who Should Attend?

This webinar is designed for:

• External auditors
• Financial statement preparers
• Financial reporting specialists
• CFOs and finance managers
• Technical accounting professionals
• Internal auditors and compliance professionals

Certification

Participants will receive a verifiable LEAF Certificate of attendance upon completion of the webinar.
Where applicable, this session may qualify for Continuing Professional Development (CPD/CPE) credits (subject to your local professional body requirements).

Registration:

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