.png?sfvrsn=dd675fd5_2)
.jpg?sfvrsn=d4038e84_0)
-(1).png?sfvrsn=db949de5_0)
6a6c7fe2013f4be3b0ecc0a5930da5c9.jpg?sfvrsn=ab5334c8_0)
/business-management-global-connection/istock-1167579720-c.jpg?sfvrsn=ff93f9a5_2)
/audit-assurance/istock-1169206203-c.jpg?sfvrsn=1d6f9b25_4)
/professionals/istock-845530100-c.jpg?sfvrsn=46efdedd_2)
/ethics-and-professionalism/istock-1141115724-c.jpg?sfvrsn=4e54d691_2)
/audit-assurance/istock-818732836-c-v3.jpg?sfvrsn=ae44e7b7_0)
.png?sfvrsn=905ee1bd_0)
/legal-secretarial/istock-866706340-c.jpg?sfvrsn=d7f57b8c_2)
The International Accounting Standards Board technical staff are holding a series of live webinars to help stakeholders gain a better understanding of the new requirements in IFRS 18 Presentation and Disclosure in Financial Statements. Throughout the series participants will have the opportunity to ask questions.
The series of webinars are scheduled as follows:
Subtotals and categories in the statement of profit or loss
The first webinar covers the three defined categories for income and expenses that IFRS 18 introduces—operating, investing and financing—to improve the income statement structure. Companies will also be required to provide new defined subtotals, including operating profit.
The improved structure and new subtotals will give investors a consistent starting point for analysing companies’ performance and make it easier to compare companies.
- Morning session: 16 May 2024, 9:30am-10:30am BST/10:30am-11:30am CEST/17:30pm-18:30pm JST (16 May 2024, 16:30pm-17:30pm Singapore Time)
- Afternoon session: 16 May 2024, 15:30pm-16:30pm BST/10:30am-11:30am EDT (16 May 2024, 22:30pm-23:30pm Singapore Time)
Management-defined performance measures
This session is a deep-dive into the IFRS 18 requirement for companies to disclose explanations of company-specific measures that are related to the income statement, referred to as management-defined performance measures.
The new requirements will improve the discipline and transparency of management-defined performance measures and make them subject to audit.
- Morning session: 30 May 2024, 9:30am-10:30am BST/10:30am-11:30am CEST/17:30pm-18:30pm JST (30 May 2024, 16:30pm-17:30pm Singapore Time)
- Afternoon session: 30 May 2024, 15:30pm-16:30pm BST/10:30am-11:30am EDT (30 May 2024, 22:30pm-23:30pm Singapore Time)
Grouping of information in the financial statements
The final webinar will look at the enhanced guidance about how to organise information and whether to provide it in the primary financial statements or in the notes. The changes are expected to provide more detailed and useful information.
IFRS 18 also requires companies to provide more transparency about operating expenses, helping investors to find and understand the information they need.
- Morning session: 6 June 2024, 9:30am-10:30am BST/10:30am-11:30am CEST/17:30pm-18:30pm JST (6 June 2024, 16:30pm-17:30pm Singapore Time)
- Afternoon session: 6 June 2024, 15:30pm-16:30pm BST/10:30am-11:30am EDT (6 June 2024, 22:30pm-23:30pm Singapore Time)
For the convenience of stakeholders in different time zones, there will be two sessions of each webinar.
Please click here to register for the session that suits you.
Read more