Mastering IFRS 18 Transition

Course objectives

• Deconstruct the core differences between IAS 1 and IFRS 18
• Reclassify income and expense items into the new five category income statement layout
• Identify and disclose non GAAP metrics correctly under the audited Management defined Performance Measure framework
• Apply the new qualitative principles of aggregation and disaggregation to primary statements and notes
• Draft an IFRS 18 compliant statement of profit or loss carrying the two new mandatory subtotals
• Build a compliant Management defined Performance Measure note with the required reconciliations
• Formulate an entity specific transition roadmap covering systems adjustments and stakeholder communication

Who should attend

• Chief financial officers managing investor relations and board level reporting changes
• Finance directors and controllers responsible for accounting policy and restating 2026 numbers
• Group IT and ERP systems heads updating reporting tools and consolidation software
• Chief internal auditors and audit partners signing off the accuracy of new audited footnotes

Course outline

1. 01Day 1: why the IASB replaced IAS 1, the timeline to 2027, early adoption and the 2026 comparative year
2. 02Day 1: the new five category income statement and the residual nature of the operating category
3. 03Day 1: mandatory subtotals, operating profit or loss, profit before financing and income taxes, and the effect on EBIT
4. 04Day 1: case study workshop redesigning an income statement from a raw trial balance
5. 05Day 2: defining a Management defined Performance Measure and identifying what falls outside the framework
6. 06Day 2: drafting the disclosure note and reconciling each measure back to the closest IFRS 18 subtotal
7. 07Day 2: aggregation and disaggregation, limits on Other line items, by nature versus by function presentation
8. 08Day 2: transition logistics, effects on the cash flow statement and balance sheet, debt covenants and legacy KPIs

Scheduled sessions