FTI Treasury Talks: IFRS 18, Why Treasury Needs a Seat at the Table
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About this Episode
IFRS 18 is the new accounting standard for presentation and disclosure in financial statements. It replaces IAS 1 and brings more detailed requirements. In this episode, Marie Gaynor explains what is changing, why treasury needs to pay closer attention to this standard than to most, and how teams can prepare.
The standard becomes mandatory for accounting periods beginning from 1 January 2027 [IASB SOURCE LINK]. Because comparative information is needed for the financial year ending 31 December 2026, it needs to be under consideration now. That includes looking at systems, data and who should be involved.
Marie Clarke, Head of Finance at FTI Treasury, is joined by Marie Gaynor, Middle Office Manager at FTI Treasury, who talks through the new standard and what it means for treasury teams. Together, they explore why IFRS 18 can change how interest, FX, debt, hedging and derivatives are presented in the P&L, and why treasury needs to be involved in implementation from the start.
What You’ll Learn
- What IFRS 18 is, and why it replaces IAS 1
- Why interest income and expense, FX, debt, hedging and derivatives need particular attention
- How a fully hedged position may no longer appear as a single net FX figure in the P&L
- The steps to prepare: reporting requirements, data, systems and chart of accounts, judgements, and a dry run
- Why comparatives mean preparation should already be under way
Who Should Watch
- Treasury management and hedging
- Group accounting and financial reporting
- Finance systems and data
- CFO and finance leadership roles
FTI Treasury’s Approach
Through our Treasury Outsourcing service, our Accounting & Reporting team provides general ledgers, P&L, balance sheet and cash flow reporting to client deadlines, plus statutory audit support. Our Funding & Derivatives service covers tracking, reporting, settlement and accounting for funding and derivative portfolios.
Contact us to talk about how your treasury items are reported: https://www.ftitreasury.com/contact/
FTI Finance Limited, trading as FTI Treasury, is regulated by the Central Bank of Ireland.
Guest / Speakers
Marie Clarke
Marie Gaynor
Key Topics covered
Why it matters for treasury
The previous standard left a lot of flexibility in how items were presented in the P&L. IFRS 18 brings a more structured approach: items are grouped according to the underlying transactions they relate to. For treasury, this can change how results are presented and interpreted. Marie gives the example of a hedged position. The FX revaluation of the underlying instrument sits in the same category as that instrument, while the derivatives used to hedge it may have to go into a separate category.
Group accounting will usually lead the project, but treasury understands the rationale and strategy behind the transactions. If treasury is not involved from the start, the effects may only surface at reporting time, when treasury will need to explain them.
About FTI Treasury Talks
Expert conversations on treasury management, risk, technology, and in-house banking — designed for treasury professionals, CFOs, and finance leaders.
