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 attendee 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: 08/04/2025

Time: 9:00 – 11:00

Venue: Live online session

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.

Fee: €40

Trainers:

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

Georges provides IFRS and GAPSME advice and delivers accounting topic papers to his clients on complex technical accounting matters. He also assists clients in the preparation of separate and consolidated financial statements in accordance with IFRS or GAPSME, including groups operating in sectors such as manufacturing, logistics, gaming, international business, construction, and financial services. His area of focus in these diverse industries includes IFRS consolidations and the implementation of recently issued IFRSs. Georges also implements Excel-based consolidation tools to large groups to improve their consolidation reporting process, with a focus on quality and complex accounting requirements and reducing reporting timeframes. He has also developed an IFRS 16 Leases tool to assist clients in transitioning to the new leases standard, with focus on automation and timely reporting. Georges delivers technical training and presentations on IFRS matters both internally to his colleagues and to his clients, and delivered lectures on the Financial Reporting and Strategic Business Reporting modules to students as part of their studies in fulfilment of the ACCA qualification.

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