NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

International Financial Reporting Standards (IFRS) and 2027 Updates

Program Overview

2027 is a landmark year for IFRS reporters: IFRS 18 Presentation and Disclosure in Financial Statements replaces IAS 1 and reshapes the income statement, and IFRS 19 allows eligible subsidiaries to apply reduced disclosures. «International Financial Reporting Standards (IFRS) and 2027 Updates» refreshes core IFRS requirements and then focuses on transition: new operating, investing and financing categories, required subtotals, management-defined performance measures, aggregation rules, recent amendments to IFRS 9 and IFRS 7, Pillar Two tax effects under IAS 12 and the ISSB sustainability standards being adopted in the region.

Learning Outcomes

✓Reclassify income and expenses into the operating, investing and financing categories required by IFRS 18.
✓Identify management-defined performance measures and draft the reconciliation disclosures IFRS 18 requires.
✓Assess whether group subsidiaries are eligible for reduced disclosures under IFRS 19.
✓Apply recent amendments to IFRS 9 and IFRS 7 on classification, settlement and disclosure of financial instruments.
✓Explain the reporting effects of Pillar Two top-up taxes under IAS 12 for GCC groups.
✓Prepare a transition plan covering data, systems, comparatives and stakeholder communication.

Target Audience

Heads of financial reporting and financial controllers
Group consolidation and technical accounting specialists
External auditors and audit committee members
Investor relations and FP&A staff affected by new performance measures

Detailed Program Modules

01Refresher on Core IFRS Requirements

Key recognition and measurement principles
Areas of frequent judgement and restatement
Regulatory expectations in GCC capital markets

02IFRS 18: Structure of the Income Statement

Operating, investing and financing categories
Required subtotals and classification rules
Specified entities such as banks and insurers

03IFRS 18: Performance Measures and Disclosure

Management-defined performance measures
Aggregation and disaggregation principles
Changes to the statement of cash flows

04IFRS 19 and Other Recent Changes

Eligibility and reduced disclosure regime for subsidiaries
Amendments to IFRS 9 and IFRS 7 on financial instruments
Lack of exchangeability under IAS 21

05Tax and Sustainability Reporting

Pillar Two and IAS 12 disclosures
Corporate tax developments in GCC jurisdictions
ISSB standards IFRS S1 and S2

06Managing the Transition

Impact assessment and gap analysis
Restating comparatives and system changes
Communicating changes to boards and investors

Training Methodology

Interactive expert-led sessions grounded in workplace examples

Case studies and practical exercises drawn from the region

Group workshops with peer review of decisions and deliverables

Formative feedback against clear performance criteria

Applied Project & Assessment

Applied Project

Participants restate a provided income statement and notes under IFRS 18, identify and reconcile two management-defined performance measures, assess IFRS 19 eligibility for a subsidiary and prepare a transition roadmap for their organisation.

Assessment

Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.

University Certificate & International Accreditation

Professional Certificate accredited by City University Malaysia in International Financial Reporting Standards (IFRS) and 2027 Updates

International accreditation: International Auditors Group (IAG)