IFRS 18: Insights and emerging challenges

Event information

This webinar builds on our October 2024 introductory session Introducing IFRS 18: the new standard on presentation and disclosure in financial statements. IFRS 18, which replaces IAS 1 for reporting periods beginning on or after 1 January 2027, introduces significant changes to the structure and presentation of the primary financial statements, along with related disclosure requirements for all entities applying IFRS Accounting Standards.

This session will recap the key requirements of IFRS 18, including the categorisation of income and expenses, new subtotals in the statement of profit or loss, the requirements for Management Performance Measures (MPMs), and expectations around aggregation and disaggregation. Building on this foundation, the webinar then explores the practical issues that are emerging as entities start to consider how the new requirements may apply to their particular facts and circumstances.

The discussion will draw on questions frequently raised by preparers, areas that require judgement and consider relevant developments that help inform how IFRS 18 may be applied in practice. There will also be an opportunity for Q&A with the speakers.

Although not essential, participants may find it helpful to have attended or viewed the recording of the October 2024 introductory webinar, as this session assumes a basic level of familiarity with the standard and is designed to move the discussion beyond the introductory stage.

Key benefits

• Gain insight into practical considerations and challenges.
• Better prepare for the transition from IAS 1 to IFRS 18.
• Hear directly from experts on emerging areas of focus.

About the speakers

Helen Stokes, Director, PwC Helen is a Director in PwC’s Corporate Reporting Services department where she provides technical accounting advice to audit teams covering a broad range of corporate accounting topics. Helen specialises in the areas of revenue recognition and long-term contract accounting, and her industries of focus include software, aerospace and defence, and construction and engineering. Helen is also involved in developing and delivering IFRS and UK GAAP training to PwC’s audit practice and clients.

Alex Hall, Senior Manager, PwC Alex is a Senior Manager in PwC’s Corporate Reporting Services department. He specialises in providing technical accounting advice to audit teams with a focus on financial instruments as well as the corporate treasury and energy, utilities and resources sectors. Alex is also involved in delivering IFRS and UK GAAP training to PwC’s audit practice and clients.

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 webinar could contribute up to 1hr of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the webinar 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.

Costs

ICAEW members and non-members are welcome to join. This webinar is organised by the Corporate Reporting Faculty. Please click here to join online.