2026: IFRS 18 in practice

2026: IFRS 18 in practice

£395.00 + VAT
Available
Virtual
All Locations
Financial reporting
Feb
18
Wed
-
Dec
31
Thu
09:30
-
PM
12:30GMT
Schedule Description: Prepare for the most significant change to profit and loss reporting in over 20 years — understand what’s changing, why it matters, and how to impleme
Sessions: 0
Session Hours: 0.00
CPD hours: 3hrs

Description

Understand and apply the new requirements of IFRS 18, from profit and loss presentation to disclosure and transition, ensuring your organisation is fully prepared for implementation.

Please choose from the dates below to view more details.

Virtual classroom - IFRS 18 in practice
Prepare for the most significant change to profit and loss reporting in over 20 years — understand what’s changing, why it matters, and how to implement it.
*New for 2026*

Date and time

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WHY TAKE THIS COURSE?
Effective for reporting periods beginning on or after 1 January 2027, subject to local endorsement. (Not currently endorsed for use in the UK.)

IFRS 18 introduces a new structure for the statement of profit or loss, redefining how entities present performance. These changes will directly affect how results are communicated to stakeholders and could influence key contractual arrangements such as profit-sharing, earn-outs, and banking covenants.

This course focuses on the practical realities of implementation rather than theoretical debate. It shows you how to interpret and apply IFRS 18 across different reporting contexts, including SMEs using FRS 101 or FRS 102 within IFRS-reporting groups. You’ll gain clarity on the transition requirements, common challenges, and disclosure expectations, ensuring your organisation is ready well before mandatory adoption.

WHAT YOU’LL LEARN
By the end of this course, you’ll be able to:

• Understand the key requirements of IFRS 18 and how the transition works.
• Plan effectively for implementation, including the system and process changes required.
• Recognise new disclosure requirements and identify what constitutes best practice.
• Assess the wider impact on commercial arrangements such as earn-outs and group reporting.
• Anticipate how IFRS 18 could influence entities reporting under UK GAAP.

WHO IS THIS COURSE FOR?
Finance professionals involved in financial reporting, management reporting, audit, and system design or implementation. The course is relevant for organisations of all sizes preparing for or affected by the IFRS 18 transition.

WHY CHOOSE ICAEW?
• Trusted heritage: For over 145 years, ICAEW has trained and supported the world’s leading finance professionals, setting the global benchmark for quality.
• Expert-led learning: Our courses are designed and delivered by subject matter experts, combining professional insight with real-world experience.
• Connected and relevant: With close links to government, regulators, and industry, our training reflects the latest challenges and opportunities in business and finance.
• Practical and interactive: Live, small-group learning with peer exchange ensures every programme delivers immediate workplace impact – and counts as verifiable CPD.

CPD HOURS
ICAEW's revised Continuing Professional Development (CPD) Regulations bring in new CPD requirements. This includes a minimum number of hours and an ethics requirement. Attending this course could contribute up to 3hrs of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the course booking confirmation email is accepted as evidence of verifiable CPD. You will need to save the email as a JPEG or PDF before uploading it to your record. Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

Course Enquiries
Contact: Events information team

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The Institute of Chartered Accountants in England and Wales (ICAEW) does not endorse or recommend any third-party products, services, or companies mentioned during this event or in related materials. References to any such products, services, or companies are for informational purposes only and do not constitute an endorsement or recommendation by ICAEW.

The views and opinions expressed by third-party speakers are their own and do not necessarily reflect the views, positions, or policies of ICAEW. ICAEW does not assume any responsibility or liability for the accuracy, completeness, or legality of the content presented by third-party speakers.

For further information or clarification, please contact ICAEW directly.

This highly interactive 3-hour course is delivered via a live virtual classroom. It blends expert insight, peer learning, and practical tools for immediate workplace application.

 Understanding IFRS 18 and the new P&L model
• Overview of the key requirements and objectives of IFRS 18.
• Walk-through of the new profit and loss structure, including key subtotals and presentation principles.
• Worked examples showing how existing statements will need to change, with focus on borderline cases such as operating vs investing activities and what is meant by current.
• How transition works - timeline, disclosures, and impact assessment.

 Applying IFRS 18 in practice
• The new disclosure framework, including management-defined performance measures and reconciliations.
• Common implementation challenges and what “good looks like” in early adoption.
• Impact on commercial agreements, such as earn-outs, share purchase arrangements, and performance-linked contracts.
• Group reporting considerations: how IFRS 18 interacts with FRS 101 and FRS 102 reporters within consolidated groups.
• Preparing internal teams - governance, controls, and audit readiness.

 

David Potts
David qualified as a Chartered Accountant in 1987 with a six partner firm based in St Albans, and went on to become an audit manager with BDO. David is particularly interested in the practical application of regulations and how they should be applied to day to day situations; and how they impact on business system planning and control. His training is designed to be practical, relevant to the attendees needs and interactive with many case studies and real life examples.

 

Rate Cost Early Bird Pricing
ICAEW Member £295 + VAT £250.75 + VAT
Non-member £395 + VAT £335.75 + VAT

Early Bird Pricing
15% discount automatically applied on bookings made up until 6 weeks before the course date

How are the courses delivered?

All Virtual Classrooms are run by live on Zoom. These are interactive and not recorded, interaction and delegate involvement is encouraged.

When will I receive joining instructions?

You will receive a email with joining instructions after enrolling. Materials and any other resources for the course will be sent to you shortly before the course start date.

Are there breaks?

Yes, no fixed timings - will depend on the length of the course.

How do I access the course slide deck?

Depending on the course you will either be sent in the lead up to the course or after.

What if I miss the live date?

The Virtual Classrooms are not recorded so we recommend you attend all sessions.

What if I am going to be 15 minutes late?

This is not a problem, the classroom starts at the start time, but you will be let in if you are delayed for any reason. Trainers do their best to accommodate catch-up, but this is not guaranteed. Where possible please let us know of any delays so we are aware when doing role call the beginning of the session.

Can I have my colleague with me in the live course?

Yes, if you purchase a second place. Each booking is valid for one person only.

Can I record the training?

No, virtual classrooms are not recorded.

Do the courses on this programme count as verifiable CPD?

Yes, these courses contribute verifiable CPD, so long as you can demonstrate that the content is relevant to your role. Additional information about CPD can be found here: Your guide to CPD.

How many people will be on the course?

Virtual Classrooms are designed to resemble a real classroom. Therefore, group sizes vary between 6 – 22 delegates per course.

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