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IFRS 18 Seminar: Redefining financial performance reporting

Date

17 September 2025

Time

14:30 – 17:30

CPE Hours

3 hours

Competency

Core

Location

The Hub, PwC Malta, Qormi

Price

€70

Course Description

Join us on Wednesday 17 September 2025, from 2 to 5:30pm at The Hub, PwC Malta, Ħal Qormi, for a practical seminar on IFRS 18, the new standard covering Presentation and Disclosure in financial statements.

The EU is soon expected to endorse IFRS 18 which has been issued by the IASB in April 2024. The new standard governs the presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss.

The key new concepts introduced in IFRS 18 relate to:

– the structure of the statement of profit or loss;

– required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity’s financial statements (that is, management-defined performance measures); and

– enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general.

Whilst the new standard will not impact the recognition or measurement of items in the financial statements, it might change what an entity reports as its ‘operating profit or loss’.

Once endorsed for use in the EU, IFRS 18 will apply for reporting periods beginning on or after 1 January 2027 as well as to comparative information.

A matter that should not be overlooked is the fact that changes in presentation and disclosure required by IFRS 18 might result in the need for system and process alterations for certain IFRS reporters, so entities should focus their efforts now in order to be ready for adoption.

The first step in this process is to get a solid understanding of the main requirements of the new Standard.

Led by Fabio Axisa and Luke Spiteri from PwC Malta’s Accounting Advisory team, this interactive session will explore the mechanics and strategic implications of the new standard through tailored, multi-sector examples relevant to the Maltese market. As part of the session, we will illustrate the technical concepts with real-life and concrete examples taken from our Network’s experience.

Course Structure

Training Highlights

  • Structure of the statement of profit or loss as per the new standard.
  • New required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity’s financial statements (that is, management-defined performance measures).
  • Enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general.
  • Practical implementation considerations.

Objectives

At the end of this course, participants will be equipped to:

  • Gain a thorough understanding of the general concepts of the new standard and its main impact on the preparation of financial information under IFRS;
  • Put into practice the basics of the new standard;
  • Assess the impact of the new standard on the presentation and disclosures of their entity’s financial statements under IFRS;
  • Start planning a roadmap for smooth implementation and communication with stakeholders.

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