Registration opens for live webinars on IFRS 18

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. 

Subtotals and categories in the statement of profit or loss—Thursday 16 May

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: 9.30am-10.30am BST/10:30-11:30 CEST/17:30-18:30 JST
• Afternoon session 15:30-16:30 BST/10:30-11:30 EDT

Management-defined performance measures—Thursday 30 May

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: 9:30-10:30 BST/10:30-11:30 CEST/17:30-18:30 JST
• Afternoon session: 15:30-16:30 BST/10:30-11:30 EDT

Grouping of information in the financial statements—Thursday 6 June

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: 9:30-10:30 BST/10:30-11:30 CEST/17:30-18:30 JST
• Afternoon session: 15:30-16:30 BST/10:30-11:30 EDT

For the convenience of stakeholders in different time zones there will be two sessions of each webinar.

Please use the button below to register for the session that suits you. The webinars will be streamed from the registration page, and recordings will be available there and on our YouTube channel after the live discussions.