IFRS 18, Presentation and Disclosure in Financial Statements, is the international financial reporting standard that establishes the requirements for presenting and disclosing information in general purpose financial statements to improve transparency, consistency, and comparability across organizations. It introduces a new structure for the statement of profit or loss, requirements for management defined performance measures, enhanced aggregation and disaggregation principles, and expanded disclosure requirements that affect financial reporting practices. This training program explores the impact of IFRS 18 on financial statements, accounting policies, reporting processes, information systems, data requirements, and internal controls through structured impact assessment and gap analysis methodologies. It provides a comprehensive perspective on identifying implementation gaps, evaluating organizational readiness, and planning an effective transition to IFRS 18.
Analyze the presentation and disclosure requirements introduced by IFRS 18 and their impact on financial reporting.
Evaluate the impact of IFRS 18 on financial statements, accounting policies, reporting processes, and management reporting.
Assess organizational readiness through structured impact assessment and gap analysis methodologies for IFRS 18 implementation.
Examine the implications of IFRS 18 for information systems, data management, internal controls, and financial reporting processes.
Explore transition planning approaches that support effective implementation of IFRS 18 requirements.
Financial Reporting Managers.
Finance and Accounting Professionals.
IFRS Implementation Teams.
Internal and External Auditors.
Financial Controllers and Chief Accountants.
Objectives and scope of IFRS 18.
Key presentation and disclosure requirements.
Structure of the statement of profit or loss.
Management defined performance measures (MPMs).
Aggregation and disaggregation principles.
Impact assessment methodologies for IFRS 18.
Effects on financial statements and disclosures.
Impact on accounting policies and reporting practices.
Organizational process assessment criteria.
Stakeholder reporting considerations.
Current state and future state assessment frameworks.
Gap identification methodologies.
Assessment of reporting processes and internal controls.
Data and information requirements.
Gap prioritization and implementation considerations.
Financial systems readiness assessment process.
Data governance and reporting requirements.
Management reporting implications.
Accounting procedures and process alignment.
Internal control considerations for IFRS 18.
Transition planning frameworks.
Implementation governance.
Cross-functional coordination structures.
Monitoring implementation progress.
Organizational readiness for IFRS 18 adoption.
