Free lesson · IFRS 18
The operating category and why it is the residual.
One complete lesson, free and without an account. Under IFRS 18 nothing has to prove it is operating: operating is what is left once the narrower categories have taken theirs.
What this lesson covers
- The residual definition of the operating category and what follows from it
- Income and expenses that land in operating only because they land nowhere else
- How an item leaves operating once it meets an investing or financing definition
- What operating profit does and does not tell a reader about the business
Free to watch, no account needed. This is the one free lesson in the IFRS 18 course; the rest are in the member library.
The full course
IFRS 18, lesson by lesson.
This is lesson 4 of 16 in IFRS 18 Presentation and disclosure, 168 minutes in all, from why the standard exists through to transition. Lessons publish on a rolling basis and your library shows exactly what is ready as each one publishes.
- Why IFRS 18 exists: the Primary Financial Statements project and the end of IAS 1 8 min
- Scope, effective date and why 2026 is already the comparative year 8 min
- The five categories: operating, investing, financing, income taxes, discontinued operations 12 min
- The operating category and why it is the residualThis lesson 10 min
- The investing category: returns generated individually and largely independently 10 min
- The financing category: liabilities arising from financing versus everything else 10 min
- The two mandatory subtotals: operating profit and profit before financing and income taxes 10 min
- Entities with specified main business activities: investing in assets, providing financing to customers 12 min
- Foreign exchange differences, derivatives and hedging: where they land 10 min
- Management-defined performance measures: what qualifies and what does not 10 min
- MPM disclosures: the reconciliation, the tax effect and the non-controlling interests effect 12 min
- Aggregation and disaggregation: the new principles and the roles of the statements and the notes 12 min
- Operating expenses: by nature, by function, or a mixed presentation 12 min
- The disclosure that follows a presentation by function 10 min
- What carried over from IAS 1 unchanged, and the consequential amendments 10 min
- Transition: retrospective application, restated comparatives and the first-year disclosures 12 min
Free · one email a week
IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.
The course
R1,950 for twelve months.
Every lesson above as it publishes, every revision made while the standard is amended and a certificate of completion. IFRS 18 is open for enrolment now.