Why IFRS 18, and Why Now
IFRS 18 Presentation and Disclosure in Financial Statements replaces IAS 1 for annual periods beginning on or after 1 January 2027, with the comparative year restated. It changes how every IFRS reporter shows profit: five categories of income and expense, two new required subtotals, management-defined performance measures disclosed and reconciled in the notes, new rules on grouping and splitting line items, and changes to the cash flow statement. In India, ICAI has issued an exposure draft of Ind AS 118 on the same lines. Reporting teams in GCCs, ACCA students (IFRS 18 is in FA) and CA students all need to work with the new format.
Who Should Join
- ACCA, CA, CMA and B.Com / M.Com students
- Accountants and reporting teams in GCCs, CA firms and companies
- Anyone moving into an IFRS or Ind AS reporting role
The Three Days
IFRS 18 Core
- How AS, Ind AS and IFRS fit together; Ind AS carve-outs; why IAS 1 was replaced
- The five categories: operating, investing, financing, income taxes, discontinued operations
- The two new subtotals, and main business activities (banks, insurers, investment entities)
Disclosures and Cash Flow
- Management-defined performance measures and the reconciliation note
- Grouping and splitting line items; expenses by nature or function
- Cash flow changes: starting point, interest and dividends
The Numbers Behind It and the Transition
- IFRS 15, IFRS 16, IFRS 9 expected credit losses and IAS 12 in our IFRS simulator
- The Ind AS 118 exposure draft, IFRS 19, and running the transition: impact check, chart of accounts and ERP mapping, controls
- Final case and open Q&A
What You Get
- 12 hours of live teaching and practice with Surya P Vyas
- Workbook PDF and an IFRS 18 one-page cheat sheet
- Excel practice templates and the fictional case company
- Vyas Peeth IFRS simulator, Basic and Intermediate, for 2 months, to keep practising
- No recordings: the workshop is live only
- No certificate
- No exam, professional body credit or CPE hours
FAQs
Do I need to know IFRS already?
You need basic knowledge of Accounting Standards (AS, Ind AS or IAS/IFRS) and how financial statements are built. We start IFRS 18 from the beginning.
Will the sessions be recorded?
No. The workshop is live only, so please attend all three days. You keep the workbook, templates and simulator practice.
Do I get a certificate?
No. This is a knowledge workshop; no certificate, credit or CPE hours are given.
How do I join after paying?
You get an account with your email straight away (for the simulator practice). The joining link and pre-reading are sent by email and WhatsApp two days before the workshop.
Why only 15 seats?
So every participant's exercises can be reviewed in class. When the seats are full, registration closes; WhatsApp us to join the waiting list for the next date.
Can my company book a private workshop?
Yes. We run in-house versions for GCC and finance teams on your dates. Send an enquiry or WhatsApp +91 81478 99500.