IFRS 18: Presentation and Disclosure in Financial Statements

(40 customer reviews)
by

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.

£150 +VAT

4 CPD hours

365 days’ access

Use ACPD101 for 10% off any purchase.

IFRS 18: Presentation and Disclosure in Financial Statements

(40 customer reviews)

£150 +VAT

4 CPD Course

365 days’ access

Use ACPD101 for 10% off any purchase.

IFRS 18: Presentation and Disclosure in Financial Statements

(40 customer reviews)

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

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.

40 reviews for IFRS 18: Presentation and Disclosure in Financial Statements

  1. Evelthon Georgiou –

    The course is structured in a very good way to introduce the main principles of IFRS 18, the areas that are new. Also the combination of slights, exercises and short tests is very helpful to cope up with the course

  2. David Budge –

    An excellent high level overview of IFRS18. Interested to follow it up and see it in practice

  3. Laura Schneider –

    Very well structured and easy to digest. I liked the different ways of learning (text, video, case study)…

  4. Jenette Stanley –

    I found the course interesting and very informative. I would recommend it to other ACCA members for CPD purposes etc.

  5. Joanne Fraser –

    Well structured practice. Easy to follow and learn this way.

  6. Jen Johnson –

    Good overview of the changes within the new standards, with comparisons to IAS1. If certain changes are relevant to your role, you may need to do more in-depth research, but on the whole a great first step.

  7. Ionela Maria Oltean –

  8. Peter Craddock –

    Good overview of requirements, particularly the comparison of real published financial statements

  9. Elbert Tu –

    5 star

  10. Omphemetse Gababonwe –

    Very insightful learning. I was really lacking behind and very grateful to have this platform

  11. Cherie Lam –

    it is too long

  12. Linnette Daniels –

    Clear overview of IFRS 18

  13. Joanne Clough –

    I thought this was a clear introduction to the new standard, drawing attention to the most important elements.

  14. CELESTE FREENEY –

    excellent on explaining IFRS 18

  15. Gladys Wuda Bungile-Mpofu –

    its real improve my knowledge on the standard as compared to what i knew.

  16. Anastasija JankauskaitĖ –

    A good summary for a quick review of changes

  17. Kimala Swanston –

    Very informative. The information was presented clearly. The interactive nature of the course was also quite helpful.

  18. Leanna Charles –

    This course explained the requirements of the new standard while referencing the various paragraphs that the content was taken from. It would have been nice to see some examples of how the new standard compares to IAS 1, but I acknowledge that because the standard is not yet implemented there may not be practical examples. The content creator did look at the financial statements of an energy organisation, a financial organisation and a electricity organisation and advised that in some areas additional work would be required by them to implement IFRS18, but it was still left to our imagination how these statements would actually change.

  19. Farrukh Mehmood –

    well structured and explanatory

  20. Shane Peters –

    Great for any auditor or preparer of financial statements under IFRS

  21. Denise Dowling –

    I found this really interesting and helpful. although there was a recap for a few bits. there is going to be a lot of changes and this really helped.

  22. Vishvaprem Punjabi –

    Good insight

  23. Josef Micallef –

    The course gave a good understanding of the requirements of IFRS 18 – could have included some more detail on classification of line items and how these will be impacted by the changes.

  24. Paul Watts –

    Excellent. Really helpful.

  25. Dimpho Lelatisitswe –

    Very insightful information

  26. Samantha Taylor –

    Very thorough course

  27. Julie Tannett –

    Very informative and interesting.

  28. Zia Ullah –

    this course I Strongly recommend to all accountants.

  29. Abewardhana Liyana Arachchige Shamali Nayana Kumari –

    Essential for accountants

  30. Elizabeth Piyiotou –

    very good briefing of key issues to know

  31. Delilah Thobias –

    Well presented

  32. Galeage Pilatwe –

    Because I enjoyed the course enough to wish to revisit it again to keep improving

  33. Mark Dunthorne –

    A little surprised that there wasn’t actual examples of the financial statements.

  34. Stephen Robinson –

    Liked the focus on key elements and changes and referencing back to the three example companies helped illustrate the issues raised

  35. Susan Wilson –

    very informative and helpful.

  36. Michaela Fainova –

    informative, good summary of upcoming changes

  37. Shivajyoti Pal –

    The whole thing has been well done and well explained. The videos were excellent

  38. Sarah Brander –

    Very useful insight to the changes being brought about by IFRS 18

  39. Mary Conway –

    I thought the course gave a broad overview of IFRS 18 and drew attention to the aspects that must be focussed on for future preparation of financial statements.

  40. Rishi Sharma –

    A relevant course!

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