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" (MBA) involving investments or financing.

Stay ahead of the regulatory curve, build robust reporting mechanisms, and become the strategic finance professional your organization needs to ensure 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 be:

• Finance and Accounting Leaders: CFOs, Financial Controllers, and Directors driving strategic compliance and seamless framework transitions.
• Audit and Advisory Professionals: Chartered Accountants and Consultants ensuring 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 early in their finance careers seeking to acquire highly sought-after, practical skills in modern global reporting 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 new required subtotals to provide a clear, structured summary of financial performance.
• Enhance Financial Transparency: Identify, calculate, and appropriately disclose Management-Defined Performance Measures (MPMs) 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, ensuring clarity in the primary financial statements and notes.
• Drive Strategic Transition: Proactively prepare their organizations or clients for the seamless adoption of IND AS 118, mitigating compliance risks and ensuring operational readiness.