IFRS 18 & FRS 118 Course in Singapore

IFRS 18, SFRS(I) 18 and FRS 118; scope and effective date; what replaces IAS 1 and its Singapore equivalents; presentation versus recognition and measurement; entity and group reporting requirements.

Practice: identify the framework and prepare a short reporting-change checklist.

Operating, investing, financing, income taxes and discontinued operations; operating profit and profit before financing and income taxes; specified main business activities and why some classifications differ for entities such as financial institutions.

Practice: map an existing statement and explain the treatment of selected income and expenses.

Expense presentation by nature, function or an appropriate combination; related disclosures; aggregation and disaggregation; useful descriptions and the relationship between primary statements and notes.

Practice: improve a reporting extract and identify information that should not be hidden in a broad label.

Management-defined performance measures (MPMs) are qualifying subtotals of income and expenses used in public communications to explain management’s view of financial performance. Not every KPI or adjusted number is an MPM. Review scope, explanations, reconciliation to the closest specified subtotal, tax and non-controlling-interest effects, and changes in measures.

Practice: assess a public adjusted-profit measure and build an explained reconciliation.

Related amendments to IAS 7 and the Singapore equivalents, the starting point for the indirect method, and interest and dividend classification requirements. Understand relevant exceptions rather than assuming every entity applies the same classification.

Practice: identify changes in a cash-flow extract and explain why a profit-or-loss category does not automatically determine cash-flow classification.

Retrospective application, comparative information, required transition reconciliations, reporting-pack changes, chart-of-accounts mapping, supporting data and review responsibilities.

Practice: build a transition checklist and identify data gaps before the first applicable reporting year.

Before-and-after statements, classification judgements, MPM examples and reviewer questions. The advanced programme adds deeper conversion and disclosure work, with individual feedback.

Practice: submit workings, explain your decisions and improve the reporting extract after review.

Excluding the S$0.12 million restructuring cost gives an adjusted operating profit of S$1.92 million. The cost remains in operating profit; it is not moved out merely because management calls it unusual.

Learners assess whether the publicly communicated adjusted subtotal meets the MPM definition. If it does, they practise the required explanation and reconciliation, including tax and non-controlling-interest effects where applicable. The arithmetic above is not a complete MPM disclosure.

They apply to annual reporting periods beginning on or after 1 January 2027, with early application permitted. Application is retrospective, so comparative information also needs preparation. Your first applicable reporting year depends on your financial year-end. See ACRA’s announcement.

No. Singapore entities use different reporting frameworks. SFRS(I) reporters assess SFRS(I) 18; FRS reporters assess FRS 118. Entities using another permitted framework should check its requirements. Confirm the entity’s framework and any group-reporting instructions using ACRA’s accounting standards guidance.

No. Its main changes concern presentation and disclosure, including profit-or-loss categories, required subtotals, MPM disclosures and grouping information. Related amendments affect cash-flow reporting. Recognition and measurement requirements in other standards generally remain relevant.

No. MPMs are qualifying subtotals of income and expenses used in public communications to explain management’s view of financial performance. Not every ratio, cash-flow measure or operational KPI qualifies. We practise checking the definition before preparing an MPM disclosure. See the IFRS Foundation’s key terms.

Choose the 7-hour workshop for the core changes and guided examples. The 14-hour advanced programme includes that core content and adds deeper statement mapping, disclosure, transition and review practice. Fourteen hours is the total, not extra hours on top of the workshop.

Yes. Both workshop options are available through Singapore classroom and live online delivery. Private 1:1, corporate onsite, private cohorts and blended arrangements are also available. Our Raffles City Tower office is a teaching venue, and classroom arrangements can be made elsewhere across Singapore.

Yes. Your course includes recordings, organised LMS resources, practical workbooks, exercises, explanations, faculty feedback, live doubt-clearing, AI study support and an EduDelphi Certificate of Training. The advanced programme provides more depth of applied practice.

No. This course builds practical understanding of the new presentation and disclosure requirements. ACCA DipIFR preparation is a separate qualification-exam route. Corporate workshops can use anonymised company-relevant cases, but training does not replace company reporting decisions or final sign-off.