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IFRS 18: Presentation and Disclosure in Financial Statements
Rating: 4.3 out of 5(10 ratings)
34 students

IFRS 18: Presentation and Disclosure in Financial Statements

Navigate the complexities of financial reporting with expert guidance on IFRS 18
Created byMurtaza Quaid
Last updated 8/2025
English
English [Auto],

What you'll learn

  • Comprehensive understanding of the scope and objectives of IFRS 18.
  • Detailed knowledge of the requirements for a complete set of financial statements.
  • Skills to aggregate and disaggregate financial data appropriately.
  • Expertise in categorizing financial activities into operating, investing, and financing.
  • Ability to prepare and analyze subtotals in the profit or loss statements.
  • Proficiency in preparing and interpreting the Statement of Other Comprehensive Income and Statement of Changes in Equity.
  • Best practices for note disclosure and management-defined performance measures.

Course content

1 section • 9 lectures • 2h 0m total length

  • Introduction to IFRS 18: Presentation and Disclosure in Financial Statements15:18

    Learn how IFRS 18 replaces IS-1 with operating, investing, and financing subtotals, introduces management-defined performance measures with reconciliations, and enhances aggregation for a 2027 rollout and 2026 restatement.

  • Objective and Scope of IFRS 188:00

    IFRS 18 sets the objective of presenting and disclosing information in general-purpose financial statements. It applies to all IFRS entities, with exceptions for cash flow statements and interim reporting.

  • General Requirements for Financial Statements21:59
  • Aggregation and Disaggregation20:49
  • Statements of Financial Performance9:08

    Explore the IFRS 18 statement of financial performance, including profit and loss and other comprehensive income, with new categories and three mandatory subtotals. Identify main business activity to guide classification.

  • Categories in the Statement of Profit or Loss18:50
  • Operating Expenses9:38

    Under IFRS 18, present an analysis of operating expenses on the face of the income statement using one of three methods—by nature, by function, or mixed basis—with required notes disclosures.

  • Illustration on Presentation of Operating Expenses7:29
  • Management-Defined Performance Measures (MPMs)9:11

    IFRS 18 introduces management defined performance measures (MPMs) as income and expense subtotals disclosed in public communications, reflecting management's view and not replacing IFRS-required subtotals, with transparency through notes.

Requirements

  • A basic understanding of financial reporting and accounting principles.
  • Familiarity with International Financial Reporting Standards (IFRS).
  • Access to financial reporting tools and resources is recommended for practical exercises.

Description

Dive into the intricacies of financial reporting with "Mastering IFRS 18: Presentation and Disclosure in Financial Statements," a course meticulously designed for professionals seeking to excel in the application of international financial standards. This course offers a deep exploration into IFRS 18, covering from its foundational principles to the detailed requirements essential for crafting a complete and compliant set of financial statements.

Throughout this course, you will be guided through the complexities of assembling financial statements that not only meet the rigorous standards of IFRS 18 but also communicate financial information clearly and effectively. Learn how to navigate the challenges of financial data aggregation and disaggregation, ensuring accuracy and transparency in reporting. Gain insights into the precise categorization of financial activities into operating, investing, and financing segments, enhancing the clarity and understanding of financial performances.

Delve into the specifics of constructing the Statements of Financial Performance, understanding the significance of each category in profit or loss, and mastering the art of presenting comprehensive income and changes in equity. You will also acquire the skills necessary to prepare detailed notes that support and clarify financial statements and learn to develop management-defined performance measures that provide additional insights into financial health.

Moreover, this course includes practical case studies and examples that illustrate the application of IFRS 18 in real-world scenarios, bridging the gap between theoretical knowledge and practical application. By the end of this course, you will not only understand the full scope and implications of IFRS 18 but also be equipped to apply this knowledge effectively, ensuring your financial statements are both compliant and strategically informative.

This course is an invaluable resource for anyone involved in financial reporting, from accountants to CFOs, who must understand and apply the standards of IFRS 18 to maintain accuracy and integrity in financial disclosures. Enroll today to begin your journey towards mastering advanced financial reporting techniques under IFRS 18, enhancing your professional capabilities and the credibility of your financial assessments.

Who this course is for:

  • Accounting and finance professionals preparing financial statements or involved in financial reporting.
  • Auditors and financial analysts interested in deepening their knowledge of IFRS.
  • Advanced accounting students and instructors looking for comprehensive resources on IFRS 18.
  • CFOs and finance managers who oversee financial reporting and compliance.

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