Changes to Income Statements Are Coming: Get Ready for IFRS 18 and ASU 2024-03
June 23 @ 2:00 pm – 3:00 pm EDT
About this Event:
Time is starting to run out for multinational companies’ financial reporting teams to get all of their entities ready for major changes in accounting standards.
IFRS 18 Presentation and Disclosure in Financial Statements and ASU 2024-03 Disaggregation of Income Expenses (DISE) both take effect for annual reporting periods starting January 1 2027, but preparation should be well under way now to update systems, collect comparative 2026 performance and ensure you have correctly mapped data to create your new income statements and related disclosures.
Manually updating traditional spreadsheets or enlisting the major AI chatbots may not be enough to provide auditable, assurance-ready processes. Chelsea Hall, Simoné Loubser, and Andromeda Wood of Workiva will talk through how to upgrade the process with technology.
After this webinar, you will be able to:
- Describe how to integrate technology into key stages of your implementation plan for IFRS 18 and ASU 2024-03, so you can efficiently update financial statements and map financial data across hundreds of entities
- Recall examples of peers’ disclosures
- Describe for your chief financial officer and audit committee why a technology upgrade may be necessary to simplify multi-entity financial reporting, non-financial reporting, and controls going forward
Complimentary CPE credit is available.
