IFRS 18: New Standard on Presentation and Disclosure in Financial Statements 2024

Available from

26 June, 2024



Course Category:

Financial Reporting



 This webinar reveals details of the new IFRS 18 standard that is replacing IAS 1. June 2023


Category: Financial Reporting.

R 375 VAT Incl.

Product Information

What you will learn

By attending this webinar you will gain the following competencies: 

  • Understand the new layout and components of the statement of performance as prescribed by IFRS 18 and how the new structure aims to improve transparency and understandability for stakeholders.    
  • Comprehend the principles of aggregation and disaggregation under IFRS 18 with an emphasis on why these principles are critical for accurate and fair reporting. 
  • Clearly delineate the categories of operating, investing, and financing activities as classified under the new IFRS 18, including the criteria for categorising cash flows and other transactions into these three categories. 
  • Know the importance of management-defined performance measures that companies might use to represent their financial health. 
  • Analyse how the introduction of IFRS 18 impacts other existing financial reporting standards. 



The IASB issued IFRS 18 on 9 April 2024. This new standard focuses on the presentation and disclosure requirements for financial statements, emphasising updates to the statement of profit or loss.

IFRS 18 introduces several key concepts, including:

  1. Changes to the structure of the statement of profit or loss.
  2. Mandatory disclosures in the financial statements for certain profit or loss performance measures reported outside an entity’s financial statements (i.e., management-defined performance measures.
  3. Enhanced principles on aggregation and disaggregation apply to the primary financial statements and notes.



The following pricing apply:

Adhoc: R375.00




The webinar will cover the following topics: 

  • Why IFRS 18?
  • New categories of the statement of performance.
  • New sub-subheadings in the statement of performance.
  • Entities with specified main business activities.
  • New aggregation and disaggregation principles.
  • Management-defined measures.
  • Consequential changes to IAS 7, IAS 8, IAS 33 and others.
  • Date of implementation.



The following CPD is awarded 3 Units Financial Reporting.



There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.



Prof Hentie van Wyk  

Prof van Wyk obtained his BCom degree in 1978 after which he served articles at KPMG. He qualified as a CA(SA) in 1982. He then left KPMG in 1984 to join the University of the Free State as a senior lecturer. He was promoted to Associate Professor in 1988 and to Professor and Head of the Centre for Accounting in 1992. He obtained a PhD in Public Sector Management in 2003.   

Prof van Wyk is currently the Programme Director for Chartered Accountancy Education at the University of the Free State. He lectured IFRS at postgraduate level for more than 30 years and is still involved with the School of Accountancy on a part-time basis. He is a former President of the SA Accounting Association and the former Vice-president of the International Association of Accounting Education and Research. He has published several articles in various research journals and is co-author of two well-known IFRS textbooks in South Africa. Prof van Wyk served as a board member of the Free State Society of Chartered Accountants for 20 years and he was also member of the Academic Review Committee of the SAICA from 2005 to 2012. An active member of the community, Prof van Wyk is an officer in his church. 


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