IFRS 18: Presentation and Disclosure in Financial Statements

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IFRS 18, the first new IFRS since 2017, is going to change the way you work. This course looks in detail at the key elements of this new standard and how it will impact you and the businesses that you work for.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

IFRS 18: Presentation and Disclosure in Financial Statements

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

IFRS 18: Presentation and Disclosure in Financial Statements

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Understand the impact of this new IFRS and how it will redefine financial performance reporting
  • Apply the changes to the statement of profit or loss and other comprehensive income
  • Get to grips with the changes to the statement of financial position and the statement of changes in equity
  • Ensure the disclosure notes are accurate and comprehensive

About the course

Although IFRS standards are regularly reviewed and updated, a completely new one is a rare event.

IFRS 18: Presentation and Disclosure in Financial Statements is not just the only new standard for seven years, it’s also a crucial one. It replaces IAS 1, the foundation of IFRS, redefining financial performance reporting.

IFRS 18 is indispensable to understanding financial reporting, and this course looks in detail at the key elements of this new standard and how it will impact you and the businesses that you work for.

Contents

The key details

Replacing IAS 1
A new standard
Objectives and scope
Why we have financial statements
The primary focus
Primary financial statements
High-level issues

Profit or loss and other comprehensive income

A big impact
Categories
The five categories
Key requirements
Items that must be included
Totals and subtotals
Comprehensive and other comprehensive income

Financial position and changes in equity

Classifying assets and liabilities
Looking at the statements
The statement of financial position
Disaggregation
When to aggregate
The statement of changes in equity

The notes

Full disclosure
High-level content
Presenting notes
Presenting measures
Management-defined performance measures
Other disclosures

How it works

Author

Wayne Bartlett

Wayne Bartlett

Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.