Masterclass 1: Transitioning your profit or loss statement to IFRS 18
(New date available: Friday 30 October, 11am – 3pm AEST)
(Concluded: Friday 27 March, 9am-1pm AEDT)
In this masterclass, we will be working through practical examples of entities that do not have specified main business activities as they transition their profit or loss statement to IFRS 18.

Attendees will receive a digital workbook prior to the masterclass that includes background information for each of the practical examples, as well as copies of all the slides and decision aids to be used during the masterclass.

Key implementation challenges under IFRS 18 to be examined during the masterclass will include:

• Distinguishing which assets and associated income or expense items belong in investing activities versus operating activities
• Separating the classes of liabilities and associated income and expense items classifiable in financing activities from those classifiable in operating activities
• Understanding which income and expense items will be classifiable in operating activities mandatorily and which will be classifiable by default
• Understanding what is included and excluded from the income tax and discontinued operations categories
• Dealing with foreign exchange gains and losses
• Determining the classification of income and expenses arising from derivatives.

Masterclass 2: Transitioning your balance sheet and cash flow statement to IFRS 18
(Concluded: Friday 29 May, 9am-1pm AEST)
In this masterclass, we will be working through practical examples of entities transitioning their balance sheet and statement of cash flows to IFRS 18.

Attendees will be provided with an interactive workbook prior to the masterclass that includes background information for each of the practical examples, as well as copies of all the slides and decision aids to be used during the masterclass.

Key implementation challenges under IFRS 18 to be examined during the masterclass will include:

• Understanding how the new defined roles of the primary financial statements and the notes guide the disclosure of information
• Understanding how the new aggregation and disaggregation criteria, combined with the mandatory line items, will impact the primary financial statements and the notes
• Understanding the new rules around disclosing operating expenses (e.g., nature and/or function, expensed versus incurred)
• Dealing with the implications of IFRS 18 on the presentation of the statement of cash flows
• Understanding what requirements applicable to balance sheets and cash flow statements will not change under IFRS 18.

Masterclass 3: Transitioning to management-defined performance measures
(Friday 31 July, 9am-1pm AEST)
In this masterclass, we will be working through practical examples of entities transitioning their Management-defined Performance Measures (MPMs) to IFRS 18.

Attendees will be provided with an electronic workbook prior to the masterclass that includes background information for each of the practical examples, as well as copies of all the slides and decision aids to be used during the masterclass.

Key implementation challenges under IFRS 18 to be examined during the masterclass will include:

• Understanding the key definitional features of an MPM
• Distinguishing between MPMs and the broader set of Alternative Performance Measures (APMs) not specifically subject to IFRS 18
• Understanding the IFRS 18 disclosure requirements forMPMs
• The circumstances under which an entity would commence or cease disclosing an MPM.

Event details
Online via Microsoft Teams
Ticket pricing is per person and includes GST

Please note: The date shown in your confirmation email may differ from your selected session. Your ticket details remain correct, and a separate email with course details and the joining link will be sent.
For any queries, please contact the BDO Events team.