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
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