IASB to host live webinars on IFRS 18 implementation

  • IASB webcast Image

01 May, 2024

The IASB is set to host a series of live webinars aimed at facilitating a comprehensive understanding of the recently introduced IFRS 18 'Presentation and Disclosure in Financial Statements'. These webinars will provide stakeholders with valuable insights into the nuances of the new requirements and offer a platform for interactive discussion.

The following webinars are scheduled:

  • Subtotals and categories in the statement of profit or loss — This webinar will cover the introduction of three defined categories for income and expenses under IFRS 18 (operating, investing, and financing). Participants will gain insights into the improved structure of income statements and the requirement to provide new defined subtotals, including operating profit. This webinar will have two sessions held on 16 May (Morning: 9:30am—10:30am BST and Afternoon: 15:30–16:30 BST).
  • Management-defined performance measures — This webinar will discuss the IFRS 18 requirement for companies to disclose explanations of company-specific measures related to the income statement, referred to as management-defined performance measures. This webinar will have two sessions held on 30 May (Morning: 9:30am—10:30am BST and Afternoon: 15:30–16:30 BST).
  • Grouping of information in the financial statements — This webinar will explore enhanced guidance on organising information in financial statements and deciding whether to provide it in the primary financial statements or in the notes. This webinar will have two sessions held on 6 June (Morning: 9:30am—10:30am BST and Afternoon: 15:30–16:30 BST).

For more information, see the press release on the IFRS Foundation’s website.

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