SFRS(I) 18 Presentation and Disclosures in Financial Statements: New Frontiers in Reporting

ACC_A026i

English

Course Description

Synopsis:

IFRS 18 Presentation and Disclosure in Financial Statements was issued by the International Accounting Standards Board in April 2024. It was adopted by the Accounting Standards Committee of Singapore on 4 October 2024 as SFRS(I) 18 and FRS 118. The effective date for application of IFRS 18 for a reporting entity is its annual reporting period beginning on or after 1 January 2027. Earlier application is permitted. IFRS 18 replaces IAS 1 Presentation of Financial Statements. The new requirements of IFRS 18 have the most significant impact on the Statement of Profit or Loss. It also brings into its purview, the disclosures on management-defined or alternative performance measures. This module explains the impact of IFRS 18 on the presentation and disclosures of the Statement of Profit or Loss and disclosures of management-defined performance measures.

 

Intended For:

  • Audit Professionals / PAIP
  • Finance Professionals  / PAIB 
  • C-suite & Directors
  • Business Owners

The Statement of Profit or Loss has high public visibility and stakeholder interest. Hence, this module will also contribute insights to directors and business owners to better understand the impact of IFRS 18 on their companies' statement of profit or loss, and to review existing policies on the disclosures of management-defined and alternative performance measures for financial reporting. 

 

Competency Mapping: 

  • CPE Category 1 = 1.5 CPE Hours
Instructor Image

Pearl Tan

Dr Pearl Tan, retired Associate Professor of Accounting, has extensive experience in teaching and developing courses on advanced topics in financial accounting at Singapore Management University and Nanyang Technological University where she previously taught. Dr Tan had won a number of teaching awards during her teaching career. Dr Tan has an active interest in the IFRS and provides feedback to policy-making bodies.  She has co-authored two books on IFRS that are used by several Asian universities. Dr Tan served on the inaugural Learning and Assessment Committee of the Singapore Qualification Programme and was a member of the Advisory Committee for Accounting Standards for Statutory Boards, and the Financial Reporting Committee of the Institute of Singapore Chartered Accountants (ISCA). She was awarded the Public Administration Medal (Bronze) in 2015.
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Course Rating

4.5

Speaker's Rating

4.5

1.5 CPE Hours

Lesson(s)

5

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