The course commences with an update on new standards applicable from 2024 and onwards. This is followed by analysis of the new IFRS 18 Presentation and Disclosure in Financial Statements which replaces IAS 1 Presentation of Financial Statements effective from 1 January 2027. The key changes in IFRS 18 relate to structure of the statement of financial performance, reporting of management-defined performance measures and grouping of information. The standard has an impact on companies in all sectors. 

In addition to IFRS 18, the International Accounting Standards Board (IASB) has also published IFRS 19 Subsidiaries without Public Accountability: Disclosures. We will review the requirements and impact of IFRS 19, also effective from 1 January 2027. 

The economic uncertainty and focus on climate reporting has put the spotlight on several key accounting topics, especially those that require the exercise of judgement in the measurement of amounts to be reported in the financial statements. Regulators are paying particular attention to these and are requiring ever more robust and company-specific disclosures about them. In light of this, we will consider the focus areas for key regulators. 

The demand for ESG information is gaining traction like never before, and the course continues with a briefing on the essentials of ESG, the drivers of demand for ESG data and a possible schematic for ESG reporting. We then move on to provide an update on the latest developments relating to the ESG regulatory reporting framework. We will walk through the requirements of the IFRS Sustainability Disclosure Standards (IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures) published by the International Sustainability Standards Board (ISSB). In addition, we will also review the sustainability reporting developments in the EU through the adoption of the Corporate Sustainability Reporting Directive (CSRD).

New IFRS accounting standards 

• IFRS 18 presentation and disclosure in financial statements 

• Key changes from IAS 1 for better communication with investors 

• IFRS 19 Subsidiaries without Public Accountability: Disclosures 

• Amendments applicable from 2024 and onwards 

Current IFRS standard setters’ workplan 

• Research projects 

• Maintenance projects 

• Standard setting projects 

Regulators’ concerns and topics in the spotlight due to economic uncertainty and climate change 

Games:

• Spot the company balance sheet 

• Spot the industry ESG profile 

What's happening with ESG and sustainability reporting? 

• ESG overview and some war stories 

• Sustainability reporting vs financial reporting 

• The problems of “alphabet soup” and “greenwashing” 

• ESG materiality – a very different way of thinking - a study of some cases 

• IFRS Sustainability Disclosure Standards - IFRS S1 and IFRS S2 and an update on the current work plan of the International Sustainability Standards Board (ISSB) 

• Mandatory requirements in the European Union - EU Taxonomy and CSRD, including the proposed Omnibus package. 

This course is delivered through a practical, interactive format designed to support real-world application and active engagement. 

• Group live instruction with expert facilitators using illustrative examples to explain key IFRS and ESG developments 

• Use of model IFRS financial statements and worked examples to bring technical concepts to life 

• Hands-on workshop exercises featuring realistic scenarios, case studies and examples of best practice—plus practical tools and templates you can apply directly in your role 

• Interactive participation is encouraged throughout, with opportunities for discussion, reflection and peer learning 

• In line with VantagePoint’s sustainability commitment, course materials are provided in digital format. Printed handouts will be limited to in-class exercises only. 

This course provides 16 hours of CPE/CPD credits.

VantagePoint is currently in the process of registering with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Our face-to-face courses are typically held in meeting rooms at centrally located four-star hotels. If you have any queries about the venue for your selected training, please don't hesitate to ask. We will provide updates and ensure that you have all the details you need. 

Virtual courses are delivered via Zoom.