IFRS 18 – Presentation and Disclosure in Financial Statements

The new IFRS 18 standard, “Presentation and Disclosure in Financial Statements”, will replace IAS 1 from 1 January 2027, with the aim of promoting more transparent and comparable financial reporting. Companies should be starting the preparation now for this major change in financial reporting.

The purpose of the training is to get a deep dive into IFRS 18, including a brief overview of the basics and then dealing with current application issues we observed in practice globally and in CEE.

Agenda:

• Introduction and overview of IFRS 18
• Aggregation and disaggregation practical questions – assessing the need for separate presentation under IFRS18
• Classification between categories, special cases – derivatives, FX differences, investments, business combinations
• Main Business Activities – overview, practical application questions, consolidation vs separate financials
• Management-defined performance measures (MPMs) – basics, practical application questions
• Transition, and disclosures in 2025 financial statements
• Beyond accounting - Systems, processes and other implications 
• Preliminary benchmarking results

Who should attend:

The training is primarily intended for financial executives and accounting and reporting professionals responsible for preparing and interpreting financial statements. The training assumes a good knowledge of IFRS accounting standards and a basic knowledge of IFRS 18.