Shailesh Apte
Chartered Accountant (ACA) & Dynamics 365 Business Central Solution Architect | IFRS in Business Central | bcforfinance.com
Milton Keynes, United Kingdom
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Shailesh Apte is a Microsoft Dynamics 365 Business Central Solution Architect and Chartered Accountant (ACA, ICAEW), and Director Solution Architect at Mercurius IT in the UK. Working on both sides of a finance transformation, the system and the standards it has to honor. He designs the accounting logic first, then the BC configuration, so the numbers are right from day one.
He writes bcforfinance.com, a practitioner series on IFRS in Business Central that translates IFRS 15, IFRS 16, IFRS 18, IFRS 9 and IAS 2 into real BC setup, Fixed Assets and Asset Leasing, Subscription Billing, Projects and WIP, Financial Reports with worked journal entries.
He speaks on the Dynamics community circuit, including D365PPUG UK in London and Manchester in 2026, where both sessions were rated 5/5 by attendees.
Over 15+ years he has led finance transformations and full BC implementations across manufacturing, construction, financial services and asset finance, and the public sector. At Mercurius IT he has architected solutions for CIS, project accounting, purchase requisitions and commitment accounting, alongside ISVs including Continia, GYDE 365, Jet Reports, Yavrio and Embat.
ACA (ICAEW) · ICAEW BFP · PMP · Microsoft Certified: Business Central Functional Consultant and Solution Architect
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Ready for IFRS 18: Rebuilding Your Primary Financial Statements in Business Central
Track 3:- Business Central with a focus on Retail, Supply Chain and Integrations
**Elevator pitch:**
IFRS 18 replaces IAS 1 from 1 January 2027... which makes the 2026 comparatives you're posting now the real deadline. See how to rebuild your P&L, statement of cash flows and group reporting in Business Central Financial Reporting, before the standard forces your hand.
**Description:**
IFRS 18 is the biggest change to financial-statement presentation in over two decades, and it lands for periods beginning 1 January 2027, So for most companies the 2026 comparatives being posted right now are the real deadline.
It is, explicitly, an ERP configuration project: every income and expense line has to be classified into the new operating, investing and financing categories, with two new mandatory subtotals, and management-defined performance measures (MPMs) pulled into the audited statements for the first time.
This demo-led session shows how to do that work in Business Central using Financial Reporting, account categories, row and column definitions instead of dropping to a spreadsheet.
We'll restructure the P&L into the IFRS 18 categories and subtotals; rebuild the statement of cash flows to reflect IFRS 18's consequential changes to IAS 7 (a defined operating-profit starting point and standardized classification of interest and dividends); set up MPM reconciliations; and run the same reports across a consolidated, multi-entity group; including how retail and distribution groups with multiple legal entities roll up under the new presentation.
Aimed at consultants, solution architects and finance leads who will own this transition, with practical setup patterns you can take straight back to a live tenant.
**Key takeaways:**
- What IFRS 18 actually changes and why 2026, not 2027, is the deadline
- Restructure the P&L into IFRS 18 categories and mandatory subtotals in BC Financial Reporting
- Rebuild the statement of cash flows for IFRS 18's amendments to IAS 7
- Handle MPM reconciliations and consolidated group reporting in the same tooling
**Notes to organizers:**
Timely: IFRS 18 first-year preparation, directly relevant to every attendee's 2026 close. Native BC Financial Reporting, demo-led. Complements the IAS 2 costing session as a two-part BC finance stream.
IFRS & FRS 102 in Business Central:From Compliance to Configuration
Multinational businesses and listed entities are under increasing pressure to report under International Financial Reporting Standards (IFRS), while UK and Irish SMEs face their own watershed moment with the 2024 amendments to FRS 102, which align UK GAAP lease and revenue accounting with IFRS principles for accounting periods beginning on or after 1 January 2026. Yet most Business Central implementations are built around local GAAP out of the box. So how do you bridge that gap without a costly reimplementation?
This session takes you inside real-world IFRS and FRS 102 implementations on Business Central, covering the strategic decisions, technical configurations, and workarounds that finance and ERP teams need to know. From designing a Chart of Accounts and leveraging dimensions for parallel reporting, to tackling the big standards [IFRS 15 Revenue from Contracts with Customers, IFRS 16 Leases, IFRS 9 Financial Instruments, and IAS 2 Inventory] you will leave with a clear, actionable roadmap.
IFRS 15 receives particular focus in this session. Revenue recognition under multi-element contracts, identifying performance obligations, allocating transaction prices, and determining the point or period of recognition is one of the most technically demanding areas of IFRS compliance, and one where Business Central's native capabilities and their limits are least well understood. We will walk through exactly how BC handles this, where configuration takes you, and where workarounds or extensions are needed.
For UK and Irish SMEs preparing for FRS 102 (2024), this session is equally relevant. The amended standard introduces IFRS 16-style lease accounting and IFRS 15-aligned revenue recognition into UK GAAP for the first time; meaning the same Business Central configuration challenges now apply to thousands of unlisted companies who may not yet realise it.
Whether you are a finance leader evaluating IFRS or FRS 102 readiness, a functional consultant configuring the system, or a developer exploring extension options, this session gives you the confidence to move from compliance anxiety to delivery.
Dynamics 365 Business Central & IFRS — Where Accounting Standards Meet ERP Reality
For experienced BC consultants and finance professionals, understanding IFRS at a conceptual level is only half the battle. The real challenge is knowing where Business Central supports compliance natively, where configuration is required, and where the system falls short — and what to do about it.
In this 45-minute session, we will walk through how key IFRS and IAS standards map directly to Business Central's features and functionality, including:
IFRS 16 — how right-of-use assets and lease liabilities are structured and tracked in BC
IFRS 9 — applying the Effective Interest Rate method to financial instruments and how to model amortized cost measurement within BC's finance modules
IAS 21 — handling functional currency, period-end revaluations, and the critical role of the foreign currency translation reserve in group consolidation
IAS 2 — aligning BC's costing methods with cost measurement and net realisable value requirements
This session goes beyond theory. For each standard, we will identify what Business Central handles out of the box, what requires careful configuration, and where finance teams need to apply manual discipline or seek third-party extensions — giving you an honest, practical picture you can take back and apply immediately.
Whether you are advising clients on IFRS readiness, configuring BC for a first-time IFRS audit, or simply looking to sharpen your knowledge at the intersection of accounting standards and ERP systems, this session will give you tangible insights you can act on.
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