IFRS 18 training

Prerequisites

No prior knowledge is required

Objectives

◗ Incorporate the principles of IFRS 18 and the changes it introduces compared to IAS 1.

◗ Identify the impacts of the new standard on the presentation of financial statements and the main challenges associated with its implementation.

◗ Implement the required changes by incorporating the necessary updates to reporting systems and processes.

Training program

◗ Understanding the general framework and objectives of IFRS 18

– Why a New Standard? Current Status and Objectives of IFRS 18
– Overview of the Main Changes Introduced by IFRS 18 Compared to IAS 1
✔ UNDERSTANDING | Illustration: Benchmark of Income Statements Published Under IFRS

◗ Apply the required changes to the income statement structure

– Classify revenues and expenses according to the three new mandatory categories: Operating, Investing, and Financing
– Address the special case of foreign exchange gains and losses and hedging instruments
– Present expenses by nature or by function, depending on which presentation is most useful to the reader, and provide the required supplementary information
– Distinguish between mandatory and optional income statement subtotals
– Apply specific presentation rules in the case of investing activities or financing activities
✔ APPLY | Quiz: In which category should these revenues and expenses be classified?
✔ UNDERSTAND | Group Discussion: Analysis of the challenges posed by multiple core business activities
✔ APPLY | Case Study: Determine the impact of hedging instruments on the income statement under IFRS 18
✔ UNDERSTAND | Illustration: Analysis of group financial statements and expected changes

◗ Implement the rules regarding data aggregation and disaggregation

– Distinguish between data to be included in the primary financial statements and data to be included in the notes
– Aggregate or break down data according to the criteria in IFRS 18
✔ UNDERSTAND | Example: Review of published financial statements and identification of impacts

◗ Address the effects of IFRS 18 on other primary financial statements

– Changes to the cash flow statement
– The limited impact on the balance sheet
✔ PRACTICE | Quiz: Where should these cash flows be classified in the cash flow statement?

◗ Identify and document management performance indicators (“MPM”)

– Understand the definition of a MPM under IFRS 18 in order to identify them comprehensively
– Provide the required information on MPMs: description, justification, and mandatory reconciliation within the IFRS financial statements
✔ APPLY | Quiz: What constitutes a MPM and what does not

◗ Implement the transition on the date of initial application

– Procedures for first-time adoption of the standard and its impact on comparative information and half-year financial statements
✔ UNDERSTANDING | Illustration: Example of comparative data and reconciliation upon first-time adoption

Why choose this course?

IFRS 18—Financial Statements: Presentation and Disclosures—is mandatory for fiscal years beginning on or after January 1, 2027. This new standard represents a major change in the presentation of companies’ financial performance. It affects all companies, regardless of industry. This training course helps participants identify all the implications and implement an effective transition.

Teaching and assessment methods

Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.

Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.

Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.

During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.

Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.

Price

1 295 € EXCL. TAX

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ifrs 18 training

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IFRS 18 training