IFRS 18 Transition Workshop
Re-present the income statement under IFRS 18 — categories, subtotals and MPMs, with a full restatement lab
Key facts
- Level: Professional
- Field: Finance & Accounting
- Certification price: $155 (one-time payment)
- Online course: IFRS 18 Transition Workshop — Illustrated — Free
- Course + exam bundle: $155
- Exam: 30 multiple-choice questions · 60 minutes · passing score 70% · up to 3 attempts
- Estimated study time: about 12 hours
- Validity: 36 months
- Certification language: English
About the IFRS 18 Transition Workshop certification
A focused, professional-level workshop that prepares finance teams to adopt IFRS 18 Presentation and Disclosure in Financial Statements — the standard issued by the IASB in April 2024 that replaces IAS 1 and takes effect for annual reporting periods beginning on or after 1 January 2027 (earlier application permitted). You will learn why the standard was written and the three improvements it targets: better comparability of the statement of profit or loss, greater transparency about management-defined performance measures, and more useful grouping of information. The course dissects the new income-statement architecture — the operating, investing and financing categories and the two newly required subtotals, operating profit and profit before financing and income taxes — including the main-business-activity rules for entities that invest in assets or provide financing to customers. It then covers MPM disclosures and their required reconciliations, the aggregation and disaggregation principles, and retrospective transition with restated comparatives. A hands-on lab re-presents a full IAS 1 income statement under IFRS 18, and the material flags the interaction with IFRS 19.
Course outline
The IFRS 18 Transition Workshop — Illustrated course covers:
- Why IFRS 18 and What Changes — Why IFRS 18 replaces IAS 1, its effective date and objectives, and what carries over from IAS 1 versus what is genuinely new. (2 lessons)
- The New Structure of the Statement of Profit or Loss — The operating, investing and financing categories, the two required subtotals, how items are classified, and the main-business-activity rules. (2 lessons)
- MPMs and Aggregation/Disaggregation — Management-defined performance measures and their required reconciliations; the aggregation and disaggregation principles, labelling, and the… (2 lessons)
- Transition and Application — Retrospective application and restated comparatives, the transition reconciliation, interaction with IFRS 19, implementation steps, and a hands-on… (2 lessons)
Frequently asked questions
- Is the IFRS 18 Transition Workshop certificate verifiable?
- Yes. Every certificate issued by BC Skills Academy carries a unique credential ID that anyone can check on the public verification page.
- How is the IFRS 18 Transition Workshop exam structured?
- It is a timed, randomized multiple-choice exam of 30 questions in 60 minutes, graded instantly; you need 70% to pass.
- Can I get a refund?
- Full refund within 7 days of purchase if you have not started the exam. Once the exam has been started or completed, the purchase is no longer refundable.