IFRS 18 standard, “Presentation and Disclosure in Financial Statements” / IFRS Update 2026

This course is ideal for CFOs, accountants, financial analysts, finance directors, finance controllers/managers, audit practitioners and internal auditors who want to stay updated with the latest developments in IFRS and prepare for the impact of those on their business.

The new IFRS 18 standard - “Presentation and Disclosure in Financial Statements”, will replace IAS 1 from 1 January 2027, with the aim of promoting more transparent and comparable financial reporting. Companies should be starting the preparation now for this major change in financial reporting.

The purpose of the training is to get a deep dive into IFRS 18, including a brief overview of the basics and then dealing with current application issues we observed in practice globally and in CEE.

As part of the training, the IFRS Update 2026 session will cover the latest developments and upcoming changes in IFRS standards effective in 2027, helping participants stay informed about key challenges and regulatory priorities impacting financial reporting.

Day 1 - IFRS 18 - Presentation and Disclosure in Financial Statements

•  Introduction and overview of IFRS 18

•  Aggregation and disaggregation practical questions – assessing the need for separate presentation under IFRS18

•  How to classify income and expense items into operating, investing and financing categories

•  Special cases - derivatives, FX differences, business combinations, factoring, etc.

•  Main Business Activities – overview, practical application questions, consolidation vs separate financials

•  Management-defined performance measures (MPMs) – basics, practical  application questions

•  Transition and disclosures in 2026 financial statements

•  Beyond accounting - Systems, processes and other implications

•  Preliminary benchmarking results

Day 2 - IFRS Update 2026

•  IFRS 15 Revenue recognition - application challenges

•  Fair value disclosures - IFRS 13

•  Regulator priorities – latest IFRIC and ESMA decisions

•  Practical issues – impairment of non-financial assets, related parties

What's new?

•  IFRS 19 - Subsidiaries without Public Accountability: Disclosures

•  Amendments to IFRS 9 and IFRS 7 - Nature-dependent electricity

•  IFRS 9 related changes applicable from 2026

•  Further new standards (IFRS 20 - Regulatory Assets and Regulatory Liabilities) and standard amendments, IFRIC agenda decisions and IASB’s workplan

Gábor Balázs
PwC || Partner || CEE Corporate Reporting Leader

Gábor is an IFRS technical partner and trainer working across the region in CEE. He has been supporting large clients in the region for complex accounting matters as a technical accounting specialist for more than 20 years. He is also an IFRS technical partner and the leader of PwC’s technical accounting function for 27 countries from Central and Eastern Europe and Asia. He is the co-author of the PwC IFRS Manual of Accounting and delivers IFRS training across the PwC network.

According to participants of Gabor’s trainings, one can always learn new things from him about IFRS and thanks to his experience, he can share interesting practical examples related to any accounting or sustainability topics.