Lead Trainer
Thomas Egan
Accounting and Finance Trainer & Advisor
Director & Advisor, Auditchain Labs AG
Thomas Egan brings over 30 years of global expertise in accounting and finance training. A member of ISCA, CPA Australia, ACCA, and a licensed US CPA, Thomas has held key technical roles in a Big 4 firm, an international bank, and the aviation sector. He served on committees shaping accounting standards, financial reporting, and XBRL. With a master’s degree from the University of Wisconsin-Madison and a Postgraduate Diploma in Strategic Finance from Oxford, he also holds the CFA certification for ESG Investing. Thomas’s extensive experience ensures a transformative learning experience for all participants.
Course Summary
Financial reporting is entering a major transition, with the new IFRS 18 standard becoming effective on 1 January 2027. Although this may seem a year away, you are now at the crucial point where organisations begin preparing their reporting structures, internal processes, chart of accounts, and system readiness. Waiting until 2027 will leave very little room to adapt especially when comparative information for 2026 will also need to be restated under the new format.
This is why joining the workshop in 2026 gives you a significant head start. You will understand how IFRS 18 changes the presentation of financial statements, how it will influence your internal reporting workflows, and what financial leaders must start aligning today to avoid last-minute disruptions.
By attending this workshop, you place yourself ahead of the transition curve, understand what regulators and auditors will expect, and prepare your organisation confidently before the new standard becomes mandatory.
At the end of the course participants should have a good understanding of how to prepare a full set of accounts compliant with IFRS 18, draft the required disclosures and notes, and address common implementation issues created by IFRS 18.
Course Objectives
By the end of this course, participants will:
- Understand the full scope and objectives of IFRS 18.
- Learn how to apply IFRS 18 to your own financial statements.
- Strengthen your ability to analyse and interpret financial performance under the new model.
- Identify the system, process, and internal reporting changes you must prepare in 2026.
- Anticipate common implementation challenges from classification judgments to MPM disclosures
- Learn practical strategies to avoid mistakes during adoptionuracy, and stakeholder confidence.
Course Content
- Module 1: Introduction to IFRS 18
- Module 2: Changes in The Statement of Profit or Loss – General Classification
- Module 3: Changes in The Statement of Profit or Loss – Specified Main Business Activities & Specific Items
- Module 4: Changes in The Statement of Profit or Loss – Illustrated Examples
- Module 5: Changes to Other Statements
- Module 6: Notes to the Financial Statements
- Module 7: Management Performance Measures (MPMs)
- Module 8: Assessing the Impact of IFRS 18
