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About the Course

Financial reporting is entering a new era. IND AS 118 (aligned with IFRS 18) replaces IND AS 1, introducing a completely restructured approach to presenting financial statements.

This program equips professionals to understand and apply the new framework, covering revised P&L categories, mandatory subtotals and enhanced disclosures such as Management-Defined Performance Measures (MPMs). Prepare now for seamless 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 be:

  • Finance leaders CFOs, Controllers, Finance Directors
  • Audit and advisory professionals Chartered Accountants, Consultants
  • Analysts and investment professionals FP&A, equity analysts, bankers
  • Aspiring finance professionals Individuals who want to build strong reporting expertise

Program Outcomes

Participants will learn to:

  • Handle complex accounting classifications
  • Confidently apply the new P&L structure
  • Present statutory subtotals accurately
  • Improve financial transparency with MPM disclosures
  • Implement effective reporting practices for compliance
  • Lead organization’s transition to IND AS 118

Course Coverage

  • New operating, investing and financing categories in the P&L
  • Mandatory subtotals and performance metrics
  • Management-Defined Performance Measures (MPMs) and disclosures
  • Main Business Activity (MBA) considerations
  • Classification of income, expenses, FX differences and derivatives
  • Enhanced aggregation and disaggregation principles
  • Practical case studies and implementation insights
   
For queries, feedback or assistance

Contact EY Virtual Academy Support