2025 Annual Accounting Standards Update - Part 1
Presenters : Caryn Maitland CA(SA)
Overview
Over the past year, several significant updates have been made to financial reporting standards. Some of the key new and revised standards include:
- IFRS 18 – Presentation and Disclosure in Financial Statements
- IFRS 19 – Subsidiaries without Public Accountability: Disclosures
- IFRS for SMEs (Third Edition)
- IAS 21 – Lack of Exchangeability
To help you stay informed and compliant, Caryn Maitland CA(SA) as she presents a two-part Annual Accounting Update webinar. These sessions will unpack the key amendments, new standards, interpretations and upcoming IASB projects relevant for the 2025/2026 reporting cycle.
- Part 1: New Standards, Interpretations and Agenda Decisions - 17 November 2025 (10h00 - 12h00)
- Part 2: IASB Work Plan, Future Projects and Cross-Cutting Developments - 24 November 2025 (10h00 – 12h00)
Learning objectives
By attending this webinar you will gain the following competencies:
- Understand the structure and disclosure changes under IFRS 18 Presentation and Disclosure in Financial Statements.
- Identify how IFRS 19 applies to subsidiaries without public accountability and when reduced disclosures may be used.
- Grasp key updates in the IFRS for SMEs Third Edition, including revenue, financial instruments, and business-combination revisions.
- Apply IAS 21 Lack of Exchangeability and IFRS 9/7 amendments effective in 2025–2026.
- Translate these technical updates into clear year-end planning, disclosure mapping, and client-communication strategies.
Content
The webinar will cover the following topics:
- New Standards and Effective Dates
- IFRS 18 Presentation and Disclosure in Financial Statements
- Core structure: operating, investing, financing categories
- New defined subtotals and management performance measures (MPMs)
- Disaggregation & note-linkage principles
- Transition, comparatives & early adoption
- IFRS 19 Subsidiaries without Public Accountability – Disclosures
- Eligibility criteria and scope
- Link to IFRS 10 Consolidated Financial Statements
- Reduced disclosure examples and transition
- IFRS for SMEs Third Edition
- Revenue (Section 23) – alignment with IFRS 15
- Financial Instruments (Section 11/12) – IFRS 9 alignment
- Business Combinations and Goodwill (Section 19)
- Disclosures and transition reliefs
- • IAS 21 – Lack of Exchangeability
- Determining exchangeability and spot rate estimation
- Disclosure requirements and impact on translation differences
- Annual Improvements (Volume 11) and IFRS 9/7 amendments (2026 effective)
- IFRS 18 Presentation and Disclosure in Financial Statements
- B. Interpretations and Agenda Decisions
- IFRIC Updates 2025
- Transaction costs
- Prepayment options
- Disaggregation clarifications
- IFRIC Updates 2025
