Introducing the new IFRS 18 - Presentation and Disclosure in Financial Statements


CPD hours: 2 Hours

Price: R450.00

Video Type: Single

Presenter: Prof. Hentie van Wyk
Prof
...

Introducing the new IFRS 18 - Presentation and Disclosure in Financial Statements

CPD Hours: 2

Price: R450.00


Back
Title / Topic

Introducing the new IFRS 18 - Presentation and Disclosure in Financial Statements

Presenters : Prof. Hentie van Wyk


Overview  

The IASB issued IFRS 18 on 9 April 2024. This new standard focuses on the presentation and disclosure requirements for financial statements, emphasising updates to the statement of profit or loss. 

IFRS 18 introduces several key concepts, including: 

  1. Changes to the structure of the statement of profit or loss. 

  2. Mandatory disclosures in the financial statements for certain profit or loss performance measures reported outside an entity's financial statements (i.e., management-defined performance measures. 

  3. Enhanced principles on aggregation and disaggregation apply to the primary financial statements and notes. 

Join Prof Hentie van Wyk for a two-hour webinar focusing on the key highlights of the new IFRS 18. This session will explore all the details that you need to be aware of as a compiler or user of financial statements. 


Learning objectives  

Attending this webinar will equip you with the following skills: 

  • Understand the new layout and components of the statement of performance as prescribed by IFRS 18 and how the new structure aims to improve transparency and understandability for stakeholders.    

  • Comprehend the principles of aggregation and disaggregation under IFRS 18 with an emphasis on why these principles are critical for accurate and fair reporting. 

  • Clearly delineate the categories of operating, investing, and financing activities as classified under the new IFRS 18, including the criteria for categorising cash flows and other transactions into these three categories. 

  • Know the importance of management-defined performance measures that companies might use to represent their financial health. 

  • Analyse how the introduction of IFRS 18 impacts other existing financial reporting standards. 


Content 

The webinar will cover the following topics:  

  • Why IFRS 18? 

  • New categories of the statement of performance. 

  • New sub-subheadings in the statement of performance. 

  • Entities with specified main business activities. 

  • New aggregation and disaggregation principles. 

  • Management-defined measures. 

  • Consequential changes to IAS 7, IAS 8, IAS 33 and others. 

  • Date of implementation. 

Related Webinars

...

Inducements & Responding to NOCLAR for Professional Accountants in Business (Ethics Series)


0 Hour
R237.50

...

Important Considerations With Respect to Long Association with an Audit and Review Client


2 Hours
R450.00

...

IRBA Public Inspection Report 2023


2 Hours
R450.00

Need Help ?

Explore Smarty