This course introduces the pervasive impact IFRS 18, Presentation and Disclosure in Financial Statements, will have on the preparation of the financial statements as entities must now classify all income and expense into one of five categories. 

Through discussion, illustration, and in-class activities, participants will gain a practical understanding of how this requirement affects the statement of comprehensive income, the statement of cash flows, and, to a lesser extent, the balance sheet. 

Note: This course illustrates how entities present their financial results in accordance with IFRS 18, rather than accounting for the underlying transactions which remain unchanged.  

• Staff involved in the preparation of financial statements in accordance with IFRS. 
• Managers responsible for overseeing the preparation of financial statements, including controllers, CFOs, and VPs Finance. 
• Senior managers and board members, who want to learn how IFRS 18, Presentation and
• Disclosure in Financial Statements, affects how the entity presents its results in its financial statements. 
• External users of financial statements, who want to learn how IFRS 18, Presentation and
• Disclosure in Financial Statements, affects how companies present their results in financial statements.  

• Identify the five categories of revenue and expense that may appear on a Statement of Profit or
• Loss prepared in accordance with IFRS 18. 
• Outline the criteria defined in IFRS 18 to determine the proper classification of revenue and expense items. 
• Summarize the key differences required by IFRS 18 for presentation of the Statement of Profit or Loss. 
• Summarize the key differences required by IFRS 18 for presentation of The Statement of Cash Flows. 
• Summarize the key differences required by IFRS 18 for presentation of The Statement of Financial Position. 

• Objectives of IFRS 18. 
• Criteria used by IFRS 18 to classify revenue and expenses into one of five categories. 
• Key differences between IFRS 18 and IAS 1 in presenting the Statement of Profit or Loss. 
• How IFRS 18 Appendix D amended the IAS 7 Statement of Cash Flow presentation requirements. 
• Key differences between IFRS 18 and IAS 1 in presenting the Statement of Financial Position. 
• How IFRS 18's disclosure requirements differ from those of IAS 1 and related standards. 

Live webinars have varying levels of expected interaction, with some requiring microphone and camera capabilities to support a proper learning experience – please email pdreg@bccpa.ca if you have concerns. 

In general, we encourage participants to have their cameras turned on to enhance their virtual learning experience. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration.

Live Webinar FAQs can be found here.  

Registration terms and conditions, including the cancellation policy can be found here. If you require further assistance, please contact the PD Department.