Programme Overview
IFRS 18 replaces IAS 1 and changes how the income statement itself is built — three required categories, two new subtotals, and audited disclosure of the performance measures management shares publicly. This programme covers what's changing and why, ready for mandatory adoption from 1 January 2027. Replaces IAS 1. Effective 1 Jan 2027.
Why This Programme
- ✓Understand the three new income statement categories
- ✓Apply the two new required subtotals correctly
- ✓Disclose management's own performance measures the compliant way
- ✓Group and present line items using the new rules
- ✓Know exactly what IFRS 18 changes versus IAS 1
- ✓Get ahead of the 2027 deadline
Assessment
- ✓Statement Restatement Walkthrough
- ✓Disclosure Note Exercise
- ✓Classification Workshop
- ✓Final Review
Main Modules
- Why IFRS 18
What's changing from IAS 1, why, and when it takes effect - The Three New Categories
Operating, investing and financing — where each item belongs - Two New Subtotals & MPMs
Operating profit, profit before financing and tax, and disclosing management's own measures - Grouping Line Items & Making the Switch
New grouping rules, and restating prior year figures
Ready to Enrol?
Access the Virtual Learning Centre to register, or reach out and our team will get you started.