The Institute of Cost and Management Accountants of Pakistan (ICMA International) is set to host an online webinar focused on IFRS 18 and its application in the presentation and disclosure of financial statements. The session, titled “IFRS 18: Presentation and Disclosure in Financial Statements – Understanding and Applications,” will be organised by ICMA KSA Branch Council in collaboration with the National CPD Committee.
The webinar is scheduled for Saturday, August 22, 2026, and will be conducted online through Zoom. The session will run from 1:00 PM to 3:00 PM Saudi Arabia time, corresponding to 3:00 PM to 5:00 PM Pakistan time.
Mr. Riaz Niaz, a finance professional at Abdulla Fouad Group and a CMA, ACCA and DIP-IFRS holder, will serve as the presenter for the session. Mr. Noman Ismail, Financial Controller at Tamer Mölnlycke Arabia, will host the webinar.
The session is designed to provide finance and accounting professionals with an understanding of IFRS 18, including its presentation and disclosure requirements and their practical application. The standard represents a significant change in the way financial performance is presented in general purpose financial statements.
IFRS 18 is set to replace IAS 1 and is applicable for annual reporting periods beginning on or after January 1, 2027, with earlier application permitted. The standard introduces a more structured approach to financial statement presentation, including defined categories for income and expenses and new required subtotals in the statement of profit or loss.
The new standard is intended to improve consistency and comparability in financial reporting. IFRS 18 establishes defined categories including operating, investing and financing, while also addressing income taxes and discontinued operations in the presentation of financial information. It also introduces requirements concerning management-defined performance measures and additional disclosures.
The upcoming ICMA webinar comes ahead of the standard’s effective date and provides finance professionals with an opportunity to understand the changes before they become mandatory. Organisations will need to assess how the new requirements affect their financial reporting processes, systems, presentation formats and disclosures as they prepare for implementation.
The webinar will also be relevant for professionals seeking to understand how IFRS 18 affects the communication of financial performance. The standard introduces required subtotals such as operating profit and profit or loss before financing and income taxes, providing users of financial statements with a more structured view of performance. Another important area covered by IFRS 18 is management-defined performance measures. Companies using such measures will have additional disclosure and reconciliation requirements, allowing users of financial statements to better understand how management assesses financial performance.
The session is part of ICMA’s professional development and continuing professional development activities, bringing together accounting and finance professionals around an upcoming change in international financial reporting requirements. Participants will be able to attend the webinar remotely through Zoom. The registration link has been provided by ICMA International through its official LinkedIn announcement. ICMA International webinar announcement
The webinar is scheduled for August 22, with the Pakistan session timing set at 3:00 PM to 5:00 PM. Through the programme, ICMA aims to provide participants with a focused understanding of IFRS 18 and the changes it introduces to financial statement presentation and disclosure. With IFRS 18 becoming effective from January 1, 2027, the session is expected to be relevant for finance professionals, accountants and other stakeholders preparing for the transition from IAS 1 to the new reporting framework.
Follow the PakBanker Whatsapp Channel for updates across Pakistan’s banking ecosystem.