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DTSTART;TZID=Europe/Moscow:20260707T160000
DTEND;TZID=Europe/Moscow:20260707T180000
DTSTAMP:20260419T043344
CREATED:20251222T135608Z
LAST-MODIFIED:20251222T184859Z
UID:10003255-1783440000-1783447200@www.icpak.com
SUMMARY:IFRS 18-Presentation and Disclosure in Financial Statements webinar
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nIFRS 18- Presentation and Disclosure in Financial Statements\nDate: 7th July 2025\nTime: 4:00pm – 6:00pm\nMode of Delivery: Virtual \nOverview \nAs 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. \nBeyond 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. \nThe 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. \nWith 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. \nTopics to be covered will include: \n\nUnderstanding the IFRS 18 framework and replacement of IAS 1\nStandardized operating\, investing and financing categories\nNew subtotals\, performance metrics and disaggregation expectations\nLinking management performance measures and entity performance narratives\nTransition planning\, disclosure redesign and internal alignment considerations\nPractical implications for preparers\, reviewers\, auditors and governance roles\n\n Target Audience \nThis webinar will be useful to all professional Accountants.  \n Continuous Professional Development Units (CPD UNITS): \nMembers of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the webinar. \nFinancial Commitment \nThe webinar charges are Kshs. 1\,000. Charges will cater for online video access fees\, learning materials\, and e-certificates of attendance. \nOnline Booking \nRegistration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking \nWe 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. \nNational Industrial Training Authority (NITA) Reimbursement \nThe 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) \nFurther requests can be channeled to us via telephone calls on +254 719 074 000\,  or via email to marketing@icpak.com
URL:https://www.icpak.com/event/ifrs-18-presentation-and-disclosure-in-financial-statements-webinar/
LOCATION:Virtual Delivery
CATEGORIES:Webinars
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