IND AS 118: Presentation and Disclosure in Financial Statements

About the course

Financial reporting is undergoing a fundamental paradigm shift — and your presentation frameworks must evolve to match.

With the introduction of IND AS 118 (corresponding to IFRS 18), the blueprint for presenting and disclosing financial statements is changing entirely, replacing the long-standing IND AS 1 / IAS 1. This landmark standard introduces newly structured categories in the statement of profit and loss (operating, investing and financing), mandates strict new subtotals and brings unprecedented transparency to Management-Defined Performance Measures (MPMs).

This comprehensive course bridges the gap between regulatory theory and practical application. Through focused modules, you will learn to navigate the complexities of classifying income and expenses, accurately categorize foreign exchange differences and hybrid contracts and master the enhanced aggregation and disaggregation principles. You will also dive deep into the specific requirements for entities with a "Main Business Activity" involving investments or financing.

Stay ahead of the regulatory curve, build robust reporting mechanisms and become a strategic finance professional. Your organization needs this to enable a seamless transition and compliance ahead of the April 2027 mandate.

Who should attend?

This program is designed to deliver high-impact learning for a wide spectrum of individuals — from established industry leaders to those looking to build foundational expertise in global reporting standards. The participants may include:

• Finance and accounting leaders: CFOs, Financial Controllers and Directors driving strategic compliance and seamless framework transitions.
• Audit and advisory professionals: Chartered Accountants and Consultants enabling regulatory accuracy, transparency and compliance for their organizations or clients.
• Corporate finance and investment analysts: FP&A professionals, equity researchers and bankers evaluating financial statements and business performance.
• Professionals building financial acumen: Individuals from diverse business backgrounds or those in their early finance careers seeking to acquire highly sought-after, practical skills in modern global reporting standards.

Course coverage

• New categories in the statement of profit and loss: Deep dive into operating, investing and financing categories.
• Practical insights: Classifying income and expenses by nature, function and mixed methods.
• Subtotals in profit and loss: Understanding mandated subtotals like operating profit and profit before financing and income taxes.
• Specified Main Business Activity: Identification, P&L impact and special considerations for financial institutions and investment entities.
• Complex classifications: Treatment of gains/losses on reclassification and derecognition.
• Foreign exchange differences: Category alignment and policy choices.
• Hybrid contracts and derivatives: Embedded derivatives and risk management presentations.
• Management-Defined Performance Measures (MPMs): Identification, required disclosures, tax effects and mandatory reconciliations.
• Aggregation and disaggregation: Enhanced principles to prevent obscuring material information.
• From theory to practice: Case studies on MPMs, early adopters of IFRS 18 and consequential amendments to other standards.

Program outcomes

Upon successful completion of this program, participants will be able to:

• Master the new P&L architecture: Accurately classify income and expenses into the newly mandated categories based on an entity’s Main Business Activity.
• Implement statutory subtotals: Calculate and appropriately present the new required subtotals to provide a clear and structured summary of financial performance.
• Enhance financial transparency: Identify, calculate and appropriately disclose Management-Defined Performance Measures alongside their mandatory reconciliations to IND AS-specified figures.
• Navigate complex accounting treatments: Determine the correct classification for foreign exchange differences, derivatives, hybrid contracts and asset derecognition under the new framework.
• Apply advanced aggregation rules: Utilize enhanced principles to group or separate items based on shared or dissimilar characteristics, enabling clarity in the primary financial statements and the notes.
• Drive strategic transition: Proactively prepare their organizations or clients for the seamless adoption of IND AS 118, mitigating compliance risks and enabling operational readiness.

Course fee

• INR 10,000 + GST

Contact

For more information contact:

Swati Sharma

E: Swati.Sharma16@in.ey.com

M: + 91 9168161122