What replaces IAS 1, how every line is classified, and the 2026 steps to get your first IFRS 18 statements right. Presented by AccountingTutorAI, an official IFRS Foundation licensee.
This practitioner-level course explains IFRS 18, Presentation and Disclosure in Financial Statements, which replaces IAS 1 for annual periods beginning on or after 1 January 2027. It focuses on the redesigned income statement: five categories (operating, investing, financing, income taxes and discontinued operations) and two new required subtotals, operating profit and profit before financing and income taxes.
Using a worked manufacturing case, you will see how each line is classified, apply the three-gate test for management-defined performance measures (MPMs), and learn the consequential changes to the cash flow statement and earnings per share. The course also covers aggregation, nature or function presentation, interim reporting and transition, and ends with a 2026 readiness checklist for consolidation systems and chart of accounts mapping. A learner handout is included.
Presented by AccountingTutorAI, an official IFRS Foundation licensee, drawing on the text of IFRS 18 and the IFRIC agenda decisions issued since.
2 activities • 1 videos • duration: 1h 10m
Our vision: IFRS applied with confidence everywhere. Official IFRS Foundation licensee building AI tools, checklists and training for professionals and students.
AccountingTutorAI is an official IFRS Foundation licensee building practical IFRS tools for finance professionals, audit and accounting firms, and students. Our professional tools: an AI IFRS reference assistant that answers your scenario with the licensed paragraph text of IFRS Accounting Standards; year-end and interim disclosure checklists with preparer, reviewer and auditor sign-off; an accounting memo generator for drafting IFRS position papers; 12 IFRS calculators; and decision trees for complex standards. For students and exam candidates, the platform adds practice questions with worked reasoning, concise standard summaries and exam-technique guides. Our courses turn the standards into working practice: structured walkthroughs built around worked examples, paragraph references and the preparer's decisions, with a learner handout to keep.
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