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Description

IFRS 18: Preparing, Presenting and Comparing Financial Statements

Produce your first set of financial statements under the new presentation format and manage the prior-year comparative period

  • 0.43 days — 3 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

The first reporting period presented under the new financial statement presentation requirements raises a very practical difficulty. Balance sheet and income statement line items no longer read as they used to while the comparative period was prepared under the previous presentation. System mappings must be reworked reporting packs checked and variances explained to management as well as to banks.

This three-hour workshop focuses on the production of the primary financial statements themselves and leaves the notes aside. It covers the update of the chart of accounts the allocation of balances across the new line items the restatement of the comparative period and the reconciliation controls to perform before the complete set of statements is released.

Learning objectives

  • Identify the presentation changes affecting the balance sheet and the income statement
  • Allocate accounts to the new financial statement line items
  • Restate the comparative period so that both periods can be read consistently
  • Reconcile the trial balance the financial statements and the reporting pack
  • Explain presentation variances to management and to financial partners

What makes this programme different

The comparative period is restated on a complete set of financial statements
The system configuration changes to request from the software provider are listed
A ready-to-use explanation of the variances for financial partners is prepared

Programme

1Reading the new presentation

Spotting the line items that move

  • Structural changes to the balance sheet
  • Presentation changes to the income statement
  • Most frequent account reclassifications
  • Impact on the subtotals monitored internally

2Producing the set of financial statements

From system configuration to the reporting pack

  • Updating the chart of accounts and the system configuration
  • Mapping accounts to the new line items
  • Treatment of the prior-year comparative period
  • Reconciliation controls before issuing the statements

3Explaining and releasing

Supporting the readers of the accounts

  • Reading differences compared with prior-period accounts
  • Effects on the ratios monitored by banks
  • Key messages to prepare for management and partners
  • Points to document in the working file

Who is it for

Finance and accounting managers engagement managers and practice staff responsible for preparing the financial statements of the first reporting period concerned.

Prerequisites

Practical experience in preparing annual financial statements

Dates & locations

12 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.