IFRS 2027 Readiness: IFRS 18 and IFRS for SMEs

IFRS 18 at a glance: three changes, one reporting architecture

The four-group lens and the operating-profit classification filter

The operating, investing and financing categories

The illustrative profit or loss: new categories and new subtotals

Specified main business activities: the test, evidence and actions

Investing assets, financing customers, and cash and cash equivalents

Foreign exchange differences: follow the source

Derecognition, and operating expenses by nature or by function

Required, additional and common subtotals: IAS 1 versus IFRS 18

Management-defined performance measures: the single note and the reconciliation

Aggregation and disaggregation: the roles of the statements and the notes

Cash flows, goodwill, EPS, interim reports, transition and Zakat

Implementation: who owns what, the 90-day roadmap and the CFO impact map

Integrated case, part 1: classify the source ledger and build the IFRS 18 statement

IFRS 18 at a glance: from IAS 1 to a new reporting architecture

The four-group lens and the classification filter: engagement actions

The operating, investing and financing categories

The illustrative profit or loss: new categories and new subtotals

Specified main business activities: the test, evidence and engagement actions

Investing assets, financing customers, and cash and cash equivalents

Foreign exchange differences: follow the source

Derecognition, and operating expenses by nature or by function

Required, additional and common subtotals: IAS 1 versus IFRS 18

Management-defined performance measures: the single note and the reconciliation

Aggregation and disaggregation: the roles of the statements and the notes

Cash flows, goodwill, EPS, interim reports, transition, Zakat and the Saudi timeline

Implementation at the client: who owns what, and five questions for this quarter

Audit overlay: risk assessment and the classification and MPM audit programme

Audit overlay: materiality and evaluating misclassification

Audit overlay: independence and scope, challenge management, do not become it

Client file simulation: planted errors and the integrated case, part 1

Integrated case, part 2: activities note, transition reconciliation and MPMs

Why the third edition matters now, and the KSA overlay

Section 1: who may use the Standard, and public accountability

Section 2: concepts, measurement bases and undue cost or effort

Section 10: accounting policies, estimates and errors

Sections 9, 14 and 15: consolidation, associates and joint arrangements

Section 19: business combinations and goodwill, with a worked example

Section 11: basic financial instruments and incurred-loss impairment

Sections 12, 13 and 16: fair value, inventories and investment property

Sections 17 and 18: property, plant and equipment, and intangible assets

Section 27: impairment of assets, with a worked example