Webinars On-Demand

Drafting Financial Statements Part 1: Key New Developments in Financial Statement Presentation

Overview  

Significant updates have recently been introduced in the preparation of annual reports, making it essential for all accounting professionals to stay informed. Understanding these changes ensures compliance and improves the quality of financial reporting.  

Prof Hentie van Wyk presents this webinar covering key developments, including:   

• IFRS 18 Presentation and Disclosure in Financial Statements (replacing IAS 1).  

• IAS 7 Statement of Cash Flows. 

• IAS 8 Basis of Preparation and IAS 33 Earnings per Share. 

• IFRS S1 General Disclosure of Sustainability Risks and Opportunities. 

• IFRS S2 Climate Change Disclosures . 

Join Prof Hentie van Wyk as he provides expert insights into these important updates, offering practical guidance on how to implement the new standards effectively and enhance the quality of your annual reporting.  

Learning objectives  

Attending this webinar will equip you with the following skills: 

• Understand the key principles and structural changes introduced by IFRS 18 and learn how it affects financial statement presentation and disclosure requirements. 

• Explore how IFRS 18 impacts existing financial reporting frameworks and identify the interactions between IFRS 18 and other IFRS standards.  

• Understand the concepts of management-defined performance measures. 

• Gain an understanding of the integrated reporting framework and its objectives including how integrated reports align financial, non-financial and sustainability disclosures. 

• Learn how sustainability and climate risks impact financial statements and disclosures with a look at the reporting requirements under IFRS S1 (General Disclosure of Sustainability Risks and Opportunities) and IFRS S2 (Climate-Related Disclosures). 

Content 

The webinar will cover the following topics:  

• Presentation of financial statements. 

  • Changes proposed by IFRS 18. 

  • Practical examples. 

  • Management-defined performance measures. 

  • Consequential changes as a result of the introduction of IFRS 18. 

• The integrated report. 

  • Format and requirements. 

  • Practical illustrations of the integrated report. 

• Sustainability reporting. 

  • Reporting on sustainability IFRS S1. 

  • Reporting on climate change IFRS S2.