IFRS Updates 2026 & Digital Assets Accounting

Speaker

Saket Modi
About The Speaker

Saket Modi is a London-based financial trainer and consultant. He has designed and facilitated workshops for finance professionals from over 50 countries in Europe, Middle East, Africa and Asia.

Saket specialises in financial reporting and analysis (IFRS/IPSAS), financial instruments, and insurance contracts. He has spent considerable time working, advising and training in matters relating to IFRS including technical updates, and delivered workshops for corporate, banks and similar financial institutions, public sector organizations, and professional services firms.

Saket has written material on IFRS Accounting for Financial Instruments for Institute of Chartered Accountants in England and Wales and was invited by the International Auditing and Assurance Standards Board® (IAASB®) to present on IFRS 9 at their board meeting in New York.

Saket has previously worked with Lloyds Banking Group, TSB Bank, Ernst & Young and Price waterhouse Coopers. In addition to being a member of the Institute of Chartered Accountants of India, Saket holds IFRS certificate from the Institute of Chartered Accountants in England and Wales (ICAEW) and IPSAS Diploma from the Chartered Institute of Public Finance and Accountancy (CIPFA). He has an MSc in Multinational Accounting and Financial Management from UK and is a CFA® charterholder.

 

upcoming course

IFRS Updates 2026 & Digital Assets Accounting

  • 15th October 2026
  • 1.00 pm to 4.00 pm
  • Online
  • Rs 9,000 (MQA Approved & HRDC Refundableup to75%)
Register now
Course Detail

Course Overview

The IFRS update course provides insights into and challenges in the implementation of the new IFRS 18 Presentation and Disclosure in Financial Statements. IFRS 18 replaces IAS 1 Presentation of Financial Statements from 1 January 2027 and will have an impact on companies in all sectors. In addition to IFRS 18, the course also provides an overview of the applicability and benefits of IFRS 19 Subsidiaries without Public Accountability: Disclosures and IFRS 20 Regulatory Assets and Regulatory Liabilities.

In addition to the new IFRS accounting standards, we will also review the amendments to existing IFRS Accounting Standards effective for periods beginning on or after 1 January 2026, including IFRS 9 Financial Instruments and IFRS 7 Disclosures. The course also covers the accounting for digital assets (e.g., cryptocurrency, stablecoins) in IFRS, and an overview of differences to US GAAP.

Course Objectives

By the end of the course, participants should be able to:

  • Apply the key changes in IFRS 18 Presentation and Disclosure in Financial Statements, from IAS 1 Presentation of Financial Statements, and review the challenges in implementation of the standard
  • Obtain an overview of the applicability and benefits of IFRS 19 Subsidiaries without Public Accountability: Disclosures and IFRS 20 Regulatory Assets and Regulatory Liabilities
  • Apply the amendments to existing IFRS standards effective for periods beginning on or after 1 January 2026
  • Review the accounting for digital assets (e.g., cryptocurrency, stablecoins) in IFRS and US GAAP

Course Contents

IFRS Update

New IFRS Accounting Standards

  • IFRS 18 Presentation and Disclosure in Financial Statements
    • Overview and reasons for the changes from IAS 1: Income statement categories and subtotals, management-defined performance measures (MPMs), grouping of information
    • How IFRS 18 improves communication of financial performance with investors for entities with specified main business activities
    • Examples of management-defined performance measures and reconciliation with financial statements
    • Key insights and emerging challenges in implementation, including disclosures
    • Changes to IAS 7 Statement of Cash Flows
  • Overview of IFRS 19 Subsidiaries without Public Accountability:
    • Benefits of and eligibility criteria to apply IFRS 19
  • Overview of IFRS 20 Regulatory Assets and Regulatory Liabilities
    • Issue with current accounting and applicability of IFRS 20

Updates to existing standards

  • Amendments to IFRS standards effective for periods beginning on or after 1 January 2026
    • Classification and measurement of financial instruments Amendments to IFRS 9 Financial Instruments and IFRS 7 Disclosures
    • Nature-dependent electricity contracts (power purchase agreements) – Amendments to IFRS 9 Financial Instruments and IFRS 7 Disclosures
    • Annual improvements to IFRS Accounting Standards
    • Translation of hyperinflationary and non-hyperinflationary function currency to hyperinflationary presentation currency
  • Overview of current exposure drafts and IASB work plan

Accounting for digital assets

  • Cryptocurrency (e.g., Bitcoin, Ethereum): Measurement including impairment, presentation (IFRS and US GAAP)
  • Stablecoins: Difference to other cryptocurrency (e.g. Bitcoin), accounting considerations (IFRS and US GAAP), presentation and disclosures
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