IFRS 18 Fundamentals: Delve into Financial Reporting Nuances
Join our 2-day IFRS 18 Training Course hosted in Dubai, UAE. This workshop is designed to provide comprehensive insights into the requirements of IFRS 18 Presentation and Disclosure in Financial Statements. The participants will gain a deep understanding of the critical requirements of IFRS 18. They will also go through the implications of transitioning from IAS 1 to IFRS 18 presentation and disclosure in financial statements.
IFRS 18 has a profound impact on the entire set of financial statements. It affects the statement of financial position (balance sheet) and the statement of profit or loss (income statement). It also affects the statement presenting comprehensive income and the statement of changes in equity.
Additionally, it impacts the statement of cash flows (cash flow statement). Moreover, it has implications for the notes to the financial statements. As a result, understanding the nuances of IFRS 18 is crucial for ensuring accurate and transparent reporting across all aspects of financial statements.
Key Learning Features
- Understanding the transition from IAS 1 to IFRS 18
- Delve into the key differences between IAS 1 and IFRS 18
- Explore how these changes impact financial statement presentations and disclosures
- Examine the detailed provisions of IFRS 18
- Discover structured categories for income and expenses
- Learn about enhanced transparency of management-defined performance measures
- Understand improved grouping of information in financial statements
- Practical application
- Gain practical insights into implementing IFRS 18
- Participate in case studies, discussions, and real-world examples
- Apply your knowledge effectively in your professional role
Global Program Schedule
Online | London | Singapore | Toronto | Hong Kong | Dubai | Sydney | Cape Town | Miami | | Rio De Janeiro
For More Information
Reach out to our customer service team for information regarding the IFRS 18 Presentation and Disclosures in Financial Statements training course.
Instructor Bio
Our trainers have specialist knowledge and first-hand experience in implementing the International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), UK GAAP, Risk management strategies, Valuations, Mergers & Acquisitions, Corporate Governance, Environmental, social, and corporate governance (ESG) reporting, Supply Chain Management, Prudential regulations, Compliance matters (such as Basel regulations, Solvency II, Anti Money Laundering regulations and a number of other evolving regulatory matters) and a whole range of professional development programs (e.g., Negotiations Skills, Presentation Skills, Data Management, Python, Block-Chain, Digital Assets, Becker CPA etc.)
This ensures an engaging and stimulating learning experience for professionals and senior executives, helping to ensure knowledge is retained. They understand the accounting and regulatory requirements, risk environment, industry issues and challenges, risk management strategies, financial reporting & disclosure requirements, and compliance environment. They impart their knowledge using real-life industry examples, simple and user-friendly presentations of important concepts/approaches and case studies.
Instructor for this course
Shasat Faculty
Our Partners
Our Partners in Learning
Course Description
Day 1: Introduction and Overview
- Overview of IFRS 18
- Key changes and their impact on financial reporting
- Understanding the new categories: operating, investing, financing, income taxes, and discontinued operations
- Group case studies on identifying key changes
Day 2: Presentation and Disclosure Requirements
- Detailed presentation requirements under IFRS 18
- Classification of income and expenses
- Specified totals and subtotals: operating profit or loss, profit or loss before financing and income taxes, and profit or loss
- Comprehensive disclosure practices
- Management-defined performance measures (MPMs)
- Guidance on aggregation and disaggregation of financial information
- Hands-on exercises and examples
- Group discussions and practical scenarios
Important Notice
The above agenda for the IFRS 18 Workshop is the intellectual property of Shasat and should not be copied, reproduced, or distributed without written permission from Shasat. Unauthorized use or distribution of this material is strictly prohibited.
© 2024 Shasat. All rights reserved.
Why you must attend?
As a finance executive, you understand the critical role that International Financial Reporting Standards (IFRS) play in financial reporting and decision-making. The introduction of IFRS 18 brings significant changes and challenges to the financial reporting landscape. Staying ahead of these changes is crucial for maintaining compliance and ensuring accurate financial reporting.
This two-day workshop offers finance executives a comprehensive and practical understanding of IFRS 18. You will gain insights into the new standards and how they impact financial statements. This knowledge is essential for informed decision-making and strategic leadership.
By attending our IFRS 18 Workshop, you will be equipped to navigate the complexities of the new standard. This will enhance your ability to lead your organization through the transition smoothly. Moreover, you will develop a detailed roadmap for implementing IFRS 18 within your organization. This ensures a smooth transition and compliance with the new standards.
Staying current with the latest amendments and best practices is crucial in today’s dynamic financial environment. This workshop provides you with the tools and knowledge to stay ahead. Thus, you will be well-prepared to meet stakeholder expectations and drive your organization forward.
Key Takeaways
- Comprehensive Insight: Gain a deep understanding of IFRS 18 components and principles.
- Strategic Leadership: Equip yourself to lead IFRS 18 discussions and implementation in your organization.
- Implementation Roadmap: Receive a step-by-step guide for transitioning to IFRS 18. This includes planning strategies and key milestones.
- Practical Application: Develop skills to apply IFRS 18 to complex financial transactions.
- Stay Current: Keep up-to-date with the latest amendments and best practices in IFRS 18.
- Enhance Credibility: Boost your professional standing and advance your career.
Don’t miss this opportunity to enhance your professional credibility. Take your career to the next level. Enroll in the IFRS 18 Workshop today and gain the knowledge and skills you need to succeed in today’s dynamic financial environment.
Teaching Methodology
The training program employs a comprehensive and engaging approach to learning. This is designed to deliver maximum impact and retention. The methodology includes:
- User-Friendly Slide Deck: Concepts, methodologies, and principles of IFRS 18 are presented clearly and concisely.
- Interactive Sessions: Real-life case studies provide hands-on experience and illustrate the practical application of IFRS 18.
- Explanatory Examples: Detailed scenarios illustrate the material in context.
- Group Exercises: Collaborative activities reinforce accounting principles and enhance understanding.
- Industry Discussions: Covering GAAP differences (IFRS vs. US GAAP), industry issues, and diverse practices.
- Additional Resources: Access to course materials and handouts for comprehensive learning.
- Inclusive Atmosphere: Encourages questions and discussion for thorough understanding.
Who Should Attend?
The IFRS 18 Workshop is ideal for financial professionals seeking to update their knowledge of IFRS 18 accounting standards. It is perfect for finance executives, accountants, auditors, financial analysts, and other professionals involved in financial reporting and decision-making. Participants should have a basic understanding of financial reporting and accounting principles. It is also suitable for those who have completed basic accounting courses and wish to enhance their skills and knowledge of IFRS 18 standards.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
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Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
