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3.5
UNITS

Webinar | ACCA

IFRS 18 - Presentation and Disclosure in Financial Statements

The webinar will explain the underlying principles and practical considerations of new changes affecting the Statement of Profit or Loss in IFRS 18 Presentation and Disclosure in Financial Statements

Overview

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IFRS 18 was issued by the IASB in April 2024 and replaces IAS 1 Presentation of Financial Statements. The module will explain the key principles of IFRS 18 and its impact on the presentation of the Statement of Profit or Loss and its new approach to disclosures of management-defined performance measures.

Practical implementation issues will be discussed during the seminar. In addition, the webinar will also provide an overview of the rationale, eligibility criteria and primary decision to be made relating to the election of IFRS 19 Subsidiaries Without Public Accountability: Disclosures which was issued by the IASB in May 2024.

Learning outcomes

  • Understand the underlying principles of IFRS 18 affecting the implementation of IFRS 18.
  • Apply the new categories and sub-totals to a typical manufacturing and trading business
  • Apply new aggregation and disaggregation criteria relating to expenses
  • Recognise special implementation issues from the application of IFRS 18, such as considerations relating to chart of accounts, group reporting, gains and losses from foreign exchange and hedging activities
  • Recognise the criteria and disclosure requirements relating to management-defined performance measures (MPMs)
  • Evaluate the criteria for eligibility under IFRS 19 and the standard's voluntary options

Outline

  • Motivation for the changes in IFRS 18
  • The scope of IFRS 18
  • The roles of the primary financial statements and the notes
  • Categories in the Statement of Profit or Loss
    • Where the reporting entity does not have a specified business activity of investing in particular types of assets or providing finance to customers
    • Application to a manufacturing, trading and industrial company
      • What is included in the investing category?
      • What is included in the financing category?
      • What is included in the operating category?
      • Application to the individual entity within a group
      • Implementation issues
    • Where the reporting entity has a specified business activity of investing in particular types of assets or providing finance to customers
      • Application to the parent company, if investment holding
      • Implementation issues
  • Special requirements relating to foreign exchange gains or losses and Gains and losses on designated hedging instruments and derivatives not designated as hedging instruments but used to manage identified risks
      • Assessing the extent
      • Implementation issues
  • Presentation in the Statement of Profit or Loss
    • Key principles
    • Required totals and sub-totals
    • Items to be presented
    • Practical issues relating to the compilation process
  • Principles of aggregation and disaggregation
    • Key principles
    • Operating category: Function versus nature
    • Disaggregation of specific gains or losses
    • Application at the individual level and group level
    • Implementation issues
  • Comprehensive illustration of different scenarios of aggregation/disaggregation
  • Exercise
  •  Management-defined performance measures
    • Definition and criteria
    • Disclosure and reconciliation
    • Determining existing MPM
    • Strategic choices of future MPM?
  • Overview of IFRS 19 Subsidiaries without public accountability: Disclosures
    • Understanding the rationale of IFRS 19
    • Eligibility criteria
    • Should an individual entity within the group elect to apply IFRS 19?
    • An example of IFRS 19 exemptions
  • Conclusions

Dr Pearl Tan FCCA

Dr Pearl Tan has extensive experience in teaching and developing courses on advanced topics in financial accounting. Dr Tan had won a number of teaching awards in SMU and Nanyang Technological University (NTU). Dr Tan has an active interest in the IFRS and provides feedback to policy-making bodies. She has co-authored two books on IFRS that are used by a number of Asian universities. Dr Tan served on the inaugural Learning and Assessment Committee of the Singapore Qualification Programme and was a member of the Advisory Committee for Accounting Standards for Statutory Boards, and the Financial Reporting Committee of the Institute of Singapore Chartered Accountants (ISCA). She was awarded the Public Administration Medal (Bronze) in 2015.

CPD units

Attendance to this session will accord you with 3.5 CPD units (Category 1*).

A CPD certificate will be sent to you by email within 3 business days after your completion of this webinar.

*Category 1 is only relevant to the Singapore market where this aligns with the CPE categorisation defined by the Accounting and Corporate Regulatory Authority (ACRA). 

Pricing and booking information

Price

Member 180 SGD

Affiliate 190 SGD

Approved employer 210 SGD

Student 190 SGD

Public 230 SGD

Location

Singapore

Date & time

30 September 2026, 13:30 - 17:00 Singapore

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