This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

IFRS 18 Presentation and Disclosure in Financial Statements supersedes IAS 1 Presentation of the Financial Statements. IFRS 18 will overhaul the presentation of the income statement with the objective to enable investors to benefit from greater consistency of presentation. The profit of an entity will not change, it is only the composition of its income statement which will change. IFRS 18 will also make certain ‘non-GAAP’ measures part of the audited financial statements for the first time, thus bringing more credibility to management’s key performance indicators. IFRS 18 is effective from 1 January 2027 and applies retrospectively.

Target Audience:

This session is aimed at accountancy professionals who prepare financial statements.

Learning Outcomes:

The attendees will understand how IFRS 18 requirements will supersede IAS 1 requirements, and ultimately how the income statement and new disclosures need to be presented in the financial statements.

Prerequisites:

Basic knowledge on financial reporting is recommended.

Date: 19 May 2026

Time: 09:00 – 11:00

Venue: Live online session. Details on how to join will be shared with participants prior to the session.

Fee: €40

CPE Hours: This course qualifies for 2 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainer:

Georges Xuereb, Director, Corporate Accounting Advisory Services, KPMG in Malta

Georges provides a wide range of Accounting Advisory services, including group consolidations and the preparation of consolidated financial statements under both GAPSME and IFRS, technical accounting advice on complex matters, development of Excel-based models (such as leasing, ECL impairment and consolidation tools), and outsourced corporate accounting and compliance services, such as preparation of management accounts and financial statements. His portfolio of clients is very diverse, including groups and companies operating in sectors such as manufacturing, logistics, aviation, cruise line business, gaming, diversified multinationals, construction, and financial services. Georges also lectures on the Financial Reporting (FR) and Strategic Business Reporting (SBR) ACCA modules to students as part of their studies in fulfilment of the ACCA qualification.

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