IFRS / MFRS 18 in Practice : For Accountants, Preparers and Auditors

 

HRD Corp Programme Number : 10001596810

INTRODUCTION

MFRS / IFRS 18: A New Era for Financial Statement Presentation

The way companies present their financial performance is about to change. After years of development and extensive consultations, the International Accounting Standards Board (IASB) has introduced IFRS 18 – Presentation and Disclosure in Financial Statements, effective from January 1, 2027.

This new standard, which supersedes IAS 1, represents one of the most significant overhauls in financial reporting in recent years. It aims to provide investors with a clearer, more organized view of a company’s performance.

IFRS 18 introduces two major changes that will impact accountants, preparers, and auditors alike:

  • A New Structure for the Statement of Profit or Loss: The standard introduces a new, structured approach to presenting profit or loss, which makes analysing a company’s performance easier.
  • Mandatory Disclosures of Management Performance Measures (MPMs): Companies must now disclose any performance metrics (MPMs) they use that are not defined by IFRS. This enhances transparency and gives investors with a more complete picture of a company’s financial health.

IFRS / MFRS 18 in Practice: What You Need to Know

Get essential insights and guidance on navigating the changes from IFRS 18 / MFRS 18. This training ensures you and your organization are prepared for the new era of financial reporting.

Download Brochure and Registration Form from HERE

Training Dates :
12th November 2025 (Dorsett Grand Subang, Subang Jaya, Selangor, Malaysia)

SEMINAR HIGHTLIGHTS:

IFRS / MFRS 18 Seminar Highlights: Mastering the New Financial Reporting Standard

Get ready for the biggest change in financial reporting in years. This seminar is designed to help you, as an accountant, preparer, or auditor, navigate the transition to IFRS / MFRS 18. Our focused sessions will cover everything you need to know to ensure a smooth and compliant implementation.

WHAT YOU WILL LEARN :

  • Key Changes from IAS 1 to IFRS 18: Understand the essential similarities and differences between the two standards to streamline your transition process.
  • New Statement of Profit or Loss Structure: Critically evaluate the revised presentation, including the new subtotals and five defined categories, to ensure accurate financial reporting.
  • Transitioning to IFRS / MFRS 18: Gain practical knowledge on how to transition from the existing IAS 1 format to the new IFRS / MFRS 18 requirements.
  • Managing Performance Measures (MPMs): Get clarity on what qualifies as an MPM and when mandatory disclosures are required.
  • MPM Disclosure Requirements: Learn the specific disclosure and reconciliation requirements for Management Performance Measures in the notes to your financial statements.
  • Practical Implementation: Prepare for the real-world implications and the planning needed to achieve a smooth and compliant shift to IFRS / MFRS 18.

By the end of this seminar, you’ll be fully equipped to handle the challenges and opportunities presented by IFRS / MFRS 18.

WHO SHOULD ATTEND

  • Financial Controllers and Accountants
  • Finance Managers and Financial Statement Preparers
  • Audit Managers and Supervisors
  • Accounts Executive
  • Anyone seeking early mastery of IFRS / MFRS 18 before its 2027 effective date

METHODOLODY

  • Engaging presentations with PowerPoint and whiteboard
  • Illustrative examples, practical case studies, and real-world scenarios
  • Interactive group discussions, Q&A sessions, and problem-solving exercises

COURSE OUTLINE

9:00 AM – 10:30 AM:

Core Principles of IFRS / MFRS 18 Vs IAS1

  • Financial Statement Framework – what constitutes a complete set of financial statements? The evolving roles of primary statements and notes under IFRS / MFRS 18
  • Presentation and Disclosure Fundamentals – consistency in classification, aggregation and offsetting rules in handling comparative information and reporting frequency
  • Critical Updates – shifted requirements from IAS1 to IAS8 (New Title : Basis of Preparation of Financial Statements)
  • New guidelines for line items, subtotals and disaggregation

10:30 AM – 10:45 AM:

Morning Break

10:45 AM – 1:00 PM:

Case Studies and Group Discussions 1

1:00 PM – 2:00 PM:

Lunch Break

2:00 PM – 3:30 PM:

Statement of Profit or Loss : The New Standard

  • The five defined categories – Operating, Investing, Financing, Income Tax and Discontinued Operations
  • Key subtotals explained – Operating Profit / Loss; Profit Before Financing & Tax; Final Profit / Loss
  • Practical illustrations – Side-by-side comparisons (IAS 1 Vs IFRS / MFRS 18) with real-world examples
  • Redrafting an IAS Statement of Profit or Loss into IFRS / MFRS 18 format

Notes and Management-defined Performance Measures (MPMs)

3:30 PM – 3:45 PM:

Afternoon Break

3:45 PM – 5:00 PM:

Case Studies and Group Discussions 2

DOWNLOAD THE COURSE CONTENT IN PDF FORMAT FROM HERE

FACILITATOR

Dr Ooi Chee Keong
CA(M), CFP
PSMB Train-The-Trainer certificate no: TTT/18839

Dr Ooi Chee Keong is a Pembangunan Sumber Manusia Berhad (PSMB) Certified Trainer and a Senior Lecturer from School of Accounting and Finance, Faculty of Business and Law, Taylor’s University. He is also a Chartered Accountant of the Malaysian Institute of Accountants  (MIA) since 2002.

Chee Keong has had a long and distinguished career as a Chartered Accountant in a number of well-known Malaysian and International Companies. He started his career in Accounting as an Auditor in a medium firm in 1999. In 2002, he joined Road Builder (M) Snd Bhd as an Assistant Accountant, attached with the International Division. In 2011, he raised to Chief Financial Officer (CFO) position with TNB Energy Services Sdn Bhd (a wholly owned subsidiary of Tenaga Nasional Berhad).

He has more than fifteen years of hand-on experience in difference areas of management and functions in diverse industries such as auditing, construction, engineering, manufacturing, trading and utilities. Other than finance, auditing, taxation, corporate finance and credit control, he also involved in business development, business strategic planning, budgeting and cost management with some public listed companies. In 2014, he completed his Doctor of Philosophy (Phd) degree and was offered Assistant Professor position with Universiti Tunku Abdul Rahman.

Chee Keong areas of specialization are Financial Accounting, Consolidated Financial Statements, Corporate Governance, Accounting Quality, Earnings Management and Earnings Quality.

Click Here to Download Dr. Ooi Chee Keong Profile

Course Fees & Registration

FEE PAYABLE PER PARTICIPANT :

Normal Price                                          : RM1,318

Early Bird (15 days before event)       : RM1,178

Group Fee (>2 participants)                : RM1,038

Fee includes course materials, lunch, 2 tea breaks per day and Certificate of Attendance (upon completion of the training).

Download Registration Form from HERE and sent it to us by

Email : sales@wanfahprosper.com

WhatsApp : +60162634929 / +601159403399

CANCELLATION / TRANSFER

Upon registering, participant(s) are considered successfully enrolled in the event.  Written cancellations / transfer notice (substitution or to later dates) received :

  • More than ten (10) working days before the event, a refund (less administrative charge of 15%) will be made.
  • Ten (10) working days or less before the event, no refund will be made.
  • For no show on the day of the event, full payment is required. If you cannot attend the event, you can nominate a substitute at any time without payment of an administration fee.
  • A full (100%) refund may be granted if the course is cancelled by Wanfah Prosper PLT (WFP). WFP reserves the right to postpone or cancel the event and / or change facilitator at any time should circumstances beyond its control arises. WFP also reserve the right to make alternative arrangements without prior notice should it be necessary to do so.

Payment :

Please make cheque payable / direct credit to :WANFAH PROSPER PLT

Accounts Number : 3812930508

Bank : Public Islamic Bank Berhad

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