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IFRS 18: Complete Guide with Practical Examples with AI Tool
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IFRS 18: Complete Guide with Practical Examples with AI Tool

Master Financial Statement Presentation, P&L Classification, Cash Flow, Operating Profit, MPMs and Disclosures
Created byCA Nilesh Phadke
Last updated 10/2026
English

What you'll learn

  • Understand the key requirements of IFRS 18 and Ind AS 118 and their differences from IAS 1
  • Apply the new principles for classifying income and expenses and presenting the Statement of Profit or Loss
  • Understand and apply aggregation, disaggregation, Management-defined Performance Measures (MPMs), and related disclosure requirements
  • Analyze practical financial statement examples and apply IFRS 18 and Ind AS 118 requirements to real-world situations

Course content

1 section • 10 lectures • 1h 29m total length

  • Introduction to IFRS 1810:37
  • IFRS 18 & Accounting Journal Entries with never seen earlier method10:00
  • IFRS 18 Cash Flow Statement Example17:08
  • IFRS 18 : MPMs and Disclosures9:21
  • IFRS 18 : MPM & EPS Combined10:44
  • IFRS 18 : Expense by nature, function and mix6:26
  • IFRS 18 : Agreegation and Disagreegation4:15
  • IFRS 18 : Retrospective Application9:43
  • IFRS 18 : Artificial Intelligence (AI) in IFRS 187:39
  • IFRS 18 : QUIZ and MCQ to check understanding3:57

Requirements

  • No prior knowledge of IFRS 18 or Ind AS 118 is required. A basic understanding of accounting and financial statements is helpful but not essential.

Description

Master IFRS 18 – Presentation and Disclosure in Financial Statements with a practical, easy-to-understand approach.

IFRS 18 introduces significant changes to the presentation and disclosure of financial statements and replaces IAS 1 Presentation of Financial Statements. With IFRS 18 effective for annual reporting periods beginning on or after 1 January 2027, understanding these changes is essential for accountants, finance professionals, auditors, financial reporting teams and students preparing for the new reporting requirements.

This course provides a practical and structured guide to IFRS 18, with a particular focus on how the new requirements affect the Statement of Profit or Loss and other financial statement disclosures.

In this course, you will learn:

  • The key differences between IAS 1 and IFRS 18

  • The new structure of the Statement of Profit or Loss

  • The new categories: Operating, Investing and Financing

  • New defined subtotals, including Operating Profit and Profit Before Financing and Income Taxes

  • Classification of income and expenses under IFRS 18

  • How interest income and interest expense are classified

  • The principles of aggregation and disaggregation

  • How to identify and present material information

  • Management-defined Performance Measures (MPMs) and their disclosures

  • New requirements relating to disaggregation of expenses

  • How to prepare cash flow statement as per IFRS 18

  • Practical examples illustrating the application of IFRS 18

  • How to Pass Journal Entries

  • Important considerations for the transition to IFRS 18 and comparative information

  • Quiz to check your understanding

  • IFRS 18 and Artificial Intelligence (AI)

Who this course is for:

  • Accountants, auditors, finance professionals, financial reporting teams, CA/CPA/ACCA students and professionals, and accounting students who want to understand the practical application of IFRS 18 and Ind AS 118 and the transition from IAS 1.

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