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IFRS 18 Financial Statements Training Course is a comprehensive and practical professional programme designed to equip accounting, finance, audit, and reporting professionals with the knowledge and practical skills required to understand, implement, and apply International Financial Reporting Standard (IFRS) 18 Presentation and Disclosure in Financial Statements. IFRS 18 introduces significant changes to the presentation and disclosure of financial statements, particularly the statement of profit or loss, with new requirements for the presentation of operating, investing, and financing categories, defined subtotals, management-defined performance measures, and enhanced aggregation and disaggregation of information. The training is designed to help organizations prepare effectively for the transition from IAS 1 to IFRS 18 and strengthen the quality, consistency, transparency, and usefulness of financial reporting.
The programme provides an in-depth examination of the IFRS 18 financial reporting requirements and their implications for financial statement preparation, accounting policies, management reporting, financial analysis, consolidation, disclosures, systems, and internal controls. Participants will explore the new structure of the statement of profit or loss, required subtotals including operating profit and profit before financing and income taxes, classification of income and expenses, aggregation and disaggregation principles, and presentation requirements for entities with specified main business activities. The course also covers the relationship between IFRS 18 and other IFRS Accounting Standards, including requirements affecting presentation, disclosure, cash-flow information, earnings per share, segment reporting, and comparative information.
A major component of the course focuses on management-defined performance measures (MPMs), including their identification, reconciliation, disclosure, and relationship with financial statements and other public communications. Participants will also examine the new principles for aggregation and disaggregation, enhanced requirements for the notes to financial statements, changes in the structure and presentation of financial information, and the implications for financial statement users. Practical exercises and general case studies will demonstrate how organizations can assess their existing financial statements, identify IFRS 18 gaps, redesign presentation formats, establish new disclosure processes, and prepare transition plans while maintaining consistency and comparability.
By the end of the training, participants will be able to interpret IFRS 18 requirements, assess the impact of the standard on existing financial reporting processes, redesign financial statement presentation, evaluate management-defined performance measures, improve financial disclosures, and develop an effective IFRS 18 implementation and transition strategy. The course is particularly valuable for organizations preparing for the mandatory application of IFRS 18, which replaces IAS 1 for annual reporting periods beginning on or after 1 January 2027, with earlier application permitted. The programme can be customized for banks, insurance companies, public companies, multinational corporations, government entities, NGOs, development organizations, and other entities reporting under IFRS Accounting Standards.
1. Understand the purpose, scope, principles, and key requirements of IFRS 18 Presentation and Disclosure in Financial Statements.
2. Explain the major changes introduced by IFRS 18 compared with IAS 1 Presentation of Financial Statements.
3. Apply the new requirements for the classification of income and expenses into operating, investing, financing, income tax, and discontinued operations categories.
4. Prepare and present the new required subtotals in the statement of profit or loss, including operating profit and profit before financing and income taxes.
5. Identify, evaluate, and disclose management-defined performance measures (MPMs) in accordance with IFRS 18 requirements.
6. Apply the new principles for aggregation and disaggregation of financial information and improve the quality of financial statement disclosures.
7. Assess the impact of IFRS 18 on financial reporting systems, accounting processes, management reporting, internal controls, and financial analysis.
8. Develop practical IFRS 18 transition plans, gap assessments, implementation procedures, and reporting templates.
9. Analyse the effects of IFRS 18 on financial statement comparability, performance analysis, key performance indicators, and communication with stakeholders.
10. Strengthen organizational readiness for IFRS 18 implementation, compliance, disclosure, audit, and future financial reporting requirements.
1. Strengthens organizational readiness for the transition from IAS 1 to IFRS 18.
2. Improves compliance with IFRS 18 presentation and disclosure requirements.
3. Enhances the transparency, comparability, and usefulness of financial statements.
4. Improves the quality and consistency of profit or loss presentation and financial performance reporting.
5. Strengthens management-defined performance measure governance and disclosure controls.
6. Improves aggregation and disaggregation of financial information for more meaningful financial reporting.
7. Helps organizations identify and address IFRS 18 implementation gaps before mandatory application.
8. Supports effective redesign of accounting systems, reporting templates, processes, and internal controls.
9. Enhances communication between finance teams, management, auditors, boards, investors, regulators, and other stakeholders.
10. Reduces transition risks and supports a structured, efficient, and sustainable IFRS 18 implementation process.
The course is designed for Chief Financial Officers (CFOs), Finance Directors, Financial Controllers, Chief Accountants, Senior Accountants, Financial Reporting Managers, Management Accountants, IFRS Specialists, Financial Analysts, Internal Auditors, External Auditors, Audit Managers, Tax and Compliance Professionals, Risk Managers, Treasury Professionals, Corporate Finance Managers, FP&A professionals, accounting policy specialists, financial reporting consultants, investment professionals, regulatory reporting specialists, board and management reporting professionals, and finance and accounting professionals responsible for preparing, reviewing, auditing, analysing, or approving IFRS financial statements.
1. Overview, objectives, scope, effective date, transition requirements, and key principles of IFRS 18 Presentation and Disclosure in Financial Statements.
2. Major differences between IFRS 18 and IAS 1 and the implications for financial statement presentation.
3. Understanding the new presentation and disclosure requirements and their relationship with other IFRS Accounting Standards.
4. IFRS 18 transition considerations, comparative information, retrospective application, and practical implementation challenges.
5. IFRS 18 impact assessment, financial reporting gap analysis, accounting policy review, and implementation planning.
6. General Case Study: Conducting an IFRS 18 gap assessment for an organization currently preparing financial statements under IAS 1 and developing a transition action plan.
1. New requirements for presenting income and expenses and the classification into operating, investing, financing, income tax, and discontinued operations categories.
2. Understanding the operating category and its role in presenting an organization’s financial performance.
3. New required subtotals, including operating profit and profit before financing and income taxes.
4. Classification of income and expenses for entities with specified main business activities, including investment and financing-related activities.
5. Changes to the presentation of operating expenses and the requirements for presentation by nature, function, or both.
6. General Case Study: Redesigning a company’s statement of profit or loss under IFRS 18 and classifying its income and expenses into the required categories and subtotals.
1. Definition, identification, and scope of management-defined performance measures (MPMs) under IFRS 18.
2. Understanding which measures qualify as MPMs and distinguishing them from IFRS-required subtotals and other performance indicators.
3. Reconciliation of management-defined performance measures to the most directly comparable IFRS-defined subtotal or total.
4. Disclosure requirements for MPMs, including explanations, tax effects, and changes in measurement or presentation.
5. Governance of management performance measures, investor communication, management reporting, and consistency across public financial communications.
6. General Case Study: Identifying management-defined performance measures in an organization’s annual report and preparing the required IFRS 18 reconciliations and disclosures.
1. IFRS 18 principles for aggregation and disaggregation of financial information and their effect on financial statement transparency.
2. Identifying material information and determining appropriate levels of aggregation and disaggregation in financial statements and notes.
3. Enhancing the usefulness of financial statement information through meaningful presentation, classification, and disclosure.
4. Relationship between primary financial statements and notes, including the role of notes in providing relevant financial information.
5. Identifying disclosure gaps, improving accounting note structures, and strengthening financial reporting documentation.
6. General Case Study: Reviewing a set of financial statements and identifying areas where excessive aggregation or insufficient disaggregation reduces the usefulness of reported financial information.
1. Assessing the impact of IFRS 18 on accounting systems, chart of accounts, reporting structures, financial databases, and consolidation processes.
2. Updating financial reporting templates, reporting packages, management reports, accounting policies, and financial statement preparation workflows.
3. IFRS 18 implications for financial analysis, EBITDA-related measures, operating profit, performance indicators, and comparison of financial results.
4. Strengthening internal controls over financial statement classification, MPM calculations, reconciliations, disclosures, and reporting approvals.
5. Coordinating IFRS 18 implementation across finance, accounting, audit, IT, investor relations, management, and governance functions.
6. General Case Study: Developing an IFRS 18 implementation impact assessment covering accounting systems, reporting processes, internal controls, financial analysis, and disclosure requirements.
1. Developing an IFRS 18 implementation roadmap covering governance, responsibilities, timelines, resources, reporting requirements, and deliverables.
2. Performing detailed financial statement impact assessments and identifying changes required in accounting policies and reporting processes.
3. Preparing IFRS 18-compliant financial statement templates, disclosures, MPM reconciliations, and supporting documentation.
4. Managing stakeholder communication, auditor engagement, board reporting, regulatory expectations, and organizational change during IFRS 18 implementation.
5. IFRS 18 transition project management, testing, parallel reporting, staff training, quality assurance, and post-implementation review.
6. General Case Study: Developing a complete IFRS 18 transition and implementation plan for a multinational organization preparing its first IFRS 18-compliant annual financial statements.
1. Customized Training: All our courses can be tailored to meet the specific needs of participants.
2. Language Proficiency: Participants should have a good command of the English language.
3. Comprehensive Learning: Our training includes well-structured presentations, practical exercises, web-based tutorials, and collaborative group work. Our facilitators are seasoned experts with over a decade of experience.
4. Certification: Upon successful completion of training, participants will receive a certificate from Foscore Development Center (FDC-K).
5. Training Locations: Training sessions are conducted at Foscore Development Center (FDC-K) centers. We also offer options for in-house and online training, customized to the client's schedule.
6. Flexible Duration: Course durations are adaptable, and content can be adjusted to fit the required number of days.
7. Onsite Training Inclusions: The course fee for onsite training covers facilitation, training materials, two coffee breaks, a buffet lunch, and a Certificate of Successful Completion. Participants are responsible for their travel expenses, airport transfers, visa applications, dinners, health/accident insurance, and personal expenses.
8. Additional Services: Accommodation, pickup services, flight booking, and visa processing arrangements are available upon request at discounted rates.
9. Equipment: Tablets and laptops can be provided to participants at an additional cost.
10. Post-Training Support: We offer one year of free consultation and coaching after the course.
11. Group Discounts: Register as a group of more than two and enjoy a discount ranging from 10% to 50%.
12. Payment Terms: Payment should be made before the commencement of the training or as mutually agreed upon, to the Foscore Development Center account. This ensures better preparation for your training.
13. Contact Us: For any inquiries, please reach out to us at training@fdc-k.org or call us at +254712260031.
14. Website: Visit our website at www.fdc-k.org for more information.