IFRS 18-Presentation and Disclosure in Financial Statements webinar

INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

IFRS 18- Presentation and Disclosure in Financial Statements
Date: 7th July 2025
Time: 4:00pm – 6:00pm
Mode of Delivery: Virtual

Overview

As the IFRS 18 – Presentation and Disclosure in Financial Statements marks one of the most significant structural shifts in global financial reporting since the inception of IFRS. The Standard introduces a more consistent and decision-useful approach to how financial performance is presented, classified and communicated. By redefining subtotals, standardizing the classification of operating, investing and financing activities, and elevating the role of management-defined performance measures, IFRS 18 is expected to significantly enhance comparability across entities, industries and jurisdictions. This reform responds directly to long-standing user concerns regarding the lack of consistency in performance presentation under IAS 1, and the excessive use of non-GAAP metrics that previously contributed to opacity and inconsistency across reporting landscapes.

Beyond structural realignment, IFRS 18 emphasizes clearer disaggregation, improved linkage between notes and primary statements, enhanced transparency of performance metrics, and stronger alignment between management commentary and actual business performance portrayal. The new approach shifts reporting away from broad discretionary presentation towards more standardized, principle-aligned categorization that reflects how entities generate returns and deploy economic resources. As a result, subtotals such as operating profit are expected to become more reliable, analytical comparability will be reinforced, and perception gaps for investors, analysts, regulators and rating agencies will be narrowed.

The shift introduced by IFRS 18 is not just technical, it is strategic. Entities will need to reassess their reporting models, mapping of income and expenses, definitions of performance, investor communication frameworks and disclosure architecture. Internal reporting structures may require alignment with external presentation to ensure credibility and cross‑validation. System updates, chart‑of‑accounts restructuring, data model reviews and presentation consistency will be central implementation matters. Preparers, reviewers, auditors and governance boards will therefore require a transition mindset that goes beyond compliance interpretation and focuses on impact understanding, internal readiness and organizational adaptation.

With global adoption timelines accelerating and the first effective year commencing 2027, jurisdictions and reporting entities are encouraged to prepare early to minimize transition friction. Capacity building, awareness and forward alignment will be critical, particularly for practitioners who will be expected to interpret, evaluate, audit and advise on the new presentation model. It is in response to this transition landscape and in readiness for implementation clarity, ICPAK is convening this training to equip the profession with forward-looking insights, technical understanding and preparatory orientation to enable timely, confident and informed transition into IFRS 18 application.

Topics to be covered will include:

• Understanding the IFRS 18 framework and replacement of IAS 1
• Standardized operating, investing and financing categories
• New subtotals, performance metrics and disaggregation expectations
• Linking management performance measures and entity performance narratives
• Transition planning, disclosure redesign and internal alignment considerations
• Practical implications for preparers, reviewers, auditors and governance roles

 Target Audience

This webinar will be useful to all professional Accountants.

 Continuous Professional Development Units (CPD UNITS):

Members of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the webinar.

Financial Commitment

The webinar charges are Kshs. 1,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance.

Online Booking

Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking

We call on interested participants to note that booking for the event is available online at www.icpak.com  and will close two hours before the training session.

National Industrial Training Authority (NITA) Reimbursement

The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)

Further requests can be channeled to us via telephone calls on +254 719 074 000,  or via email to marketing@icpak.com