IFRS 18 Presentation and Disclosure in Financial Statements

EFRAG and the IASB recently held two educational sessions about the new IFRS 18 Presentation and Disclosure in Financial Statements: one for corporate stakeholders, and one for financial institutions, insurance companies and conglomerates. These sessions presented the main requirements of IFRS 18 and how they apply to specific industries and situations. 

Practical challenges of the new requirements were discussed and participants had the opportunity to address their questions directly to the IASB. 

Videos of both sessions are now available on Youtube:

• For corporates
• For financial institutions, insurance companies and conglomerates

• On 7 June 20​24 (10:00 – 13:00 CEST), the IASB, EFRAG & BusinessEurope invite stakeholders to participate in a joint webinar to introduce IFRS 18 Presentation and Disclosure in Financial Statements for corporates and to support them in its implementation. Register here.

• On 11 June 2024 (9:00 – 12:00 CEST), the IASB, EFRAG, European Association of Co-operating Banks (EACB), European Banking Federation (EBF), European Savings and Retail Banking Group (ESBG) and Insurance Europe, invite stakeholders to participate in a joint webinar to introduce IFRS 18 for financial institutions, insurance companies and conglomerates and to support them in its implementation. Register here.

The interactive educational sessions will introduce the main requirements and focus on certain requirements set out in IFRS 18. The audience will be able to contribute to the discussion through Q&A sessions.

Both events are public and will be held online. A recording will be available on EFRAG's website.

A detailed programme of both sessions will be issued in the coming weeks.

​In order to receive input from preparers and to stimulate the discussion on the key tentative changes to the IASB’s proposals in the Exposure Draft General Presentation and Disclosures, from September to November 2022, EFRAG and the IASB organised joint outreach roundtables with European Stakeholders. EFRAG has now issued a Summary Report and Recommendations that summarises the feedback received during those events and provides a number of recommendations to the IASB. 

EFRAG has issued reports about feedback received from participants during the roundtables on the IASB’s tentative decisions to change the Exposure Draft General Presentation and Disclosures. 

In the roundtables, which were undertaken jointly with the IASB and in collaboration with national standard setters on 24 October, 2 and 4 November 2022, preparers discussed potential implementation and application concerns, potential additional guidance on specific topics and the efforts required to implement and apply the IASB’s selected tentative decisions.

​The EFRAG Secretariat releases its educational session on the Primary Financial Statements project presenting an overview of EFRAG’s work on the project, and useful educational material for the forthcoming roundtables and webinars. The purpose is to help participants of the targeted outreach with their preparations. Watch the educational session here.

​​On 18 October 2022, the EFRAG Secretariat will provide an educational session on the Primary Financial Statements project presenting an overview of EFRAG’s work on the project, and useful educational material for the forthcoming roundtables and webinars. The purpose is to help participants to the targeted outreach with their preparations. The educational session will be available here.

EFRAG in coordination with the IASB and European national standard setters will conduct roundtable discussions with preparers focused on a selection of tentative decisions made by the IASB. These represent a change to the proposals in the Exposure Draft General Presentation and Disclosures (‘the ED’) issued in 2019.

EFRAG would like to invite you to participate in the roundtable discussions taking place on 24 October and 2 November 2022, from 9h to 11h (CET) (closed online event). 

If you are interested to participate and express your views, please contact ioana.kiss@efrag.org by 30 September 2022.