IFRS 18 Transition Workshop — Illustrated

An illustrated, example-driven workshop for adopting IFRS 18 Presentation and Disclosure in Financial Statements. Four modules build practical competence: why IFRS 18 replaces IAS 1 and what changes; the new structure of the statement of profit or loss (the operating, investing and financing categories and the two required subtotals); management-defined performance measures and the aggregation and disaggregation principles; and retrospective transition. It closes with a hands-on lab that re-presents a full IAS 1 income statement under IFRS 18. Rich with Mermaid diagrams, before/after comparison tables, worked restatement examples and self-checks.

Key facts

• Course price: Free
• Field: Finance & Accounting
• Prepares for: IFRS 18 Transition Workshop
• 4 modules · 8 lessons · about 2 hours of lessons
• Self-paced, online, illustrated lessons

Course outline

1. 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.
   • Why IFRS 18 Replaces IAS 1
   • What Carries Over and What Is New
2. 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.
   • The Three Categories
   • The Two Required Subtotals and Main-Business Activities
3. MPMs and Aggregation/Disaggregation — Management-defined performance measures and their required reconciliations; the aggregation and disaggregation principles, labelling, and the by-nature analysis.
   • Management-Defined Performance Measures (MPMs)
   • Aggregation, Disaggregation and Labelling
4. Transition and Application — Retrospective application and restated comparatives, the transition reconciliation, interaction with IFRS 19, implementation steps, and a hands-on restatement lab.
   • Retrospective Transition, IFRS 19 and Implementation
   • Lab: Restate an Income Statement into IFRS 18