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Description

Modernised Financial Statements: Identifying the Changes and Succeeding in First Application

Anticipate the impact of the modernised financial statement presentation on your accounts and your chart of accounts

  • 1 day — 7 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

The modernisation of financial statement presentation changes the layout of the balance sheet, the income statement and the notes. Accounting teams must review their system settings, account descriptions and reporting outputs, while maintaining comparability with the prior period. The main risk is discovering the gaps at closing, having failed to map the reclassifications beforehand.

This seven-hour programme reviews the presentation changes and their practical consequences, then organises first application: a mapping table between the former and the new presentation, restatement of comparatives, key points of attention for the notes and a transition timetable.

Learning objectives

  • Identify the presentation changes affecting the balance sheet, the income statement and the notes
  • Build a mapping table between the former and the new presentation
  • Adapt the chart of accounts and the reporting outputs
  • Restate the comparative figures of the prior period
  • Plan the first application workload through to closing

What makes this programme different

A mapping table is built line by line during the session
The most debated reclassification cases are handled on real anonymised trial balances
A transition timetable is formalised, with tasks assigned to the team and to the software provider

Programme

1Overview of the presentation changes

Spotting what moves in the statements

  • Place the changes within the wider drive to simplify financial reporting
  • Identify the balance sheet captions affected by a reclassification
  • Assess the effects on how the income statement is read
  • Identify the note disclosures that have been added or withdrawn

2Mapping table and system configuration

Translating the changes into your system

  • Build a line-by-line correspondence between the two presentations
  • Review account descriptions and groupings in the chart of accounts
  • Adapt reporting outputs and internal dashboards
  • List the requests to be submitted to the accounting software provider

3First application and comparatives

Succeeding in the transition closing

  • Restate prior-period figures to preserve comparability
  • Document the reclassification choices adopted
  • Draft the note disclosures relating to the change in presentation
  • Inform the external users of the financial statements
  • Organise the timetable of tasks through to approval of the accounts

Who is it for

Finance and accounting managers, chief accountants, practice staff and management controllers involved in the preparation of annual financial statements.

Prerequisites

Practical experience in preparing annual financial statements and reading a statutory reporting pack

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.