IFRS 18 training: presentation and information to be provided in the financial statements
Implement the new standard that replaces IAS 1
IFRS 18 replaces the old IAS 1 standard, "Presentation of Financial Statements," with the objective of enhancing the transparency and comparability of financial information, particularly for investors. This change, one of the most significant since the creation of IFRS standards, aims to further standardize the presentation of companies' financial performance. During this training, you will cover not only the transition from IAS 1 to IFRS 18 but also the new requirements of the standard. Through practical case studies, you will learn the methodologies and techniques necessary to apply IFRS 18 to prepare your financial statements in a compliant and optimized manner.
Learning Objectives
Analyze the new financial statement presentation requirements and their impact on the income statement.
Present the information according to IFRS 18 in the notes to the financial statements and other statements.
Training Program
Commitment
You are committed to your training. Log in to your participant area and complete your preparatory questionnaire. Your trainer will receive your progress objectives.
Analyzing the new presentation requirements for financial statements under IFRS 18 and their impact on the income statement
Clarifying the context of the new accounting standard IFRS 18
Overview of IFRS 18
Context and objectives of the standard
Role of primary financial statements and notes in the context of the new standard
Interactive brainstorming: sharing on IFRS 18 and its implications for financial statements
Measuring the impacts of accounting standard IFRS 18 on the income statement
Introduction of the three distinct categories: operating, investing, and financing
Analysis of mandatory subtotals: operating profit and profit before financing and taxes
Presentation of expenses: choice between presentation by nature or by function
Practical examples on the presentation of operating expenses and main activities
Case study: Analysis of an income statement before and after the application of IFRS 18. Identification of changes.
Classification exercise: Classify transactions or expenses into the new IFRS 18 categories
Presenting information according to IFRS 18 in the notes and other statements
Dealing with Management Performance Measures (MPMs)
Definition of MPMs and their importance in financial communication
Justification, calculation method, and reconciliation with IFRS subtotals
Examples of application
Information to be provided in the notes regarding MPMs
Practical workshop: Working groups to define MPMs for a fictitious company
Group discussion: Comparing MPMs between groups and discussing their relevance in different sectors
Applying the provisions of IFRS 18 to other primary financial statements
Impact of IFRS 18 on the statement of cash flows
Impact on the balance sheet and other financial statements
Practical case studies on implementing adjustments in the financial statements
Transitional provisions for the application of IFRS 18 and other specific considerations for companies adopting this standard
Open discussion: exchange on practical challenges encountered by participants
Transfer
Your training continues in your participant area. Log in to access resources and facilitate the implementation of your commitments in your professional context.
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases carried out in Excel by the participants at each key stage of the training
Who Should Attend This Training
Consolidation specialists
Accounting managers
Chartered accountants
Auditors
Team leaders
Anyone wishing to deepen their knowledge of IFRS standards
Prerequisities
To have a good general understanding of the IFRS framework
Teaching Methods
Training program structured around skills transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to facilitate engagement, learning, and transfer
Training that promotes participant engagement for better retention of knowledge
Satisfaction and Evaluation
Skills assessment will be carried out throughout the training by the participant themselves (self-assessment) and/or the trainer, according to the training modalities.
Evaluation of the online training course on your participant area:
Immediately after the training, to measure your satisfaction and your perception of the development of your skills in relation to the training objectives. With your agreement, your overall rating and comments will be published on our website through Verified Reviews, an NF Service certified solution.
60 days after the training to validate the transfer of your acquired knowledge to your work situation.
Attendance tracking and issuance of an individual training certificate or a certificate of completion.
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