EFRAG & IASB Educational Session on IFRS 18 for financial institutions, insurance companies and conglomerates
11/06/2024 - 11/06/2024
09:00 - 12:00
Online
Description
Recording
On 11 June 2024, EFRAG organised, jointly with the IASB, European Association of Co-operating Banks (EACB), European Banking Federation (EBF), European Savings and Retail Banking Group (ESBG) and Insurance Europe, an educational session for financial institutions stakeholders for the recently published IFRS 18 Presentation and Disclosure in Financial Statements. The session may also provide input for the upcoming endorsement process of IFRS 18 in Europe. The selected topics were presented and discussed with a panel of preparers.
This session presented the main requirements of IFRS 18 and discussed how they apply to specific industries and situations, targeting concerns raised by stakeholders during the (re)deliberation process. Practical challenges from the new requirements were discussed. Participants had the opportunity to address their questions directly to the IASB.
Speakers of the session included:
A detailed programme and further information about both events can be found below.
For questions, please contact EFRAG Financial Reporting Project Director Kathrin Schöne or EFRAG Financial Reporting Senior Technical Manager Aleksandra Sivash.
On 11 June 2024, EFRAG organised, jointly with the IASB, European Association of Co-operating Banks (EACB), European Banking Federation (EBF), European Savings and Retail Banking Group (ESBG) and Insurance Europe, an educational session for financial institutions stakeholders for the recently published IFRS 18 Presentation and Disclosure in Financial Statements. The session may also provide input for the upcoming endorsement process of IFRS 18 in Europe. The selected topics were presented and discussed with a panel of preparers.
This session presented the main requirements of IFRS 18 and discussed how they apply to specific industries and situations, targeting concerns raised by stakeholders during the (re)deliberation process. Practical challenges from the new requirements were discussed. Participants had the opportunity to address their questions directly to the IASB.
Speakers of the session included:
- Hagit Keren and Florian Esterer (IASB),
- Nick Barlow, Roanne Hasegawa, Juliane-Rebecca Upmeier (IASB technical staff),
- Kathrin Schöne (EFRAG),
- Nicklas Grip (Svenska Handelsbanken AB),
- Massimo Tosoni (Generali)
- Ricardo Sánchez Fernández (EBF),
- Anna Vidal (CaixaBank),
- Lamie Wong (Allianz Group)
- Martin Svitek (Erste Group Bank AG).
A detailed programme and further information about both events can be found below.
For questions, please contact EFRAG Financial Reporting Project Director Kathrin Schöne or EFRAG Financial Reporting Senior Technical Manager Aleksandra Sivash.
Running order
09:00
09:20
Opening of the session by EBF and Insurance Europe, EFRAG and the IASB
09:20
10:10
Categories and Sub-Totals
10:10
11:00
Management-defined Performance Measures
11:00
11:30
Grouping – aggregation and disaggregation – of information
11:30
11:50
Limited changes to the Cash Flow Statement, effective date and transition requirements
11:50
12:00
Main takeaways and closing