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Upcoming events

    • 17 Apr 2024
    • 13:30 - 16:45
    • Online Webinar
    Register
    Registration Time: 13:15
    Sessions Time: 13:30 - 16:45  including a 15-minute break
    Speaker: Mr Kris Bartolo
    Venue:   Online Webinar
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €40.00
    Non-MIA Members: €75.00
    Retired Members: €20.00
    Students: €30.00

    *Group bookings for 3 or more participants available.

    BACKGROUND INFORMATION

    Intangible assets can be recognized as highly valued properties. Arguably the most valuable, but least understood, intangible assets are brands. In the past years businesses have seen a fundamental shift in the sources of value creation from their tangible assets to their intangible assets, namely intellectual property (brands). Brand valuations are used for a variety of purposes, including tax, finance, financial reporting, and marketing. Hence, reliable values need to be placed on brands. This webinar highlights the importance of understanding the difference between equity value and monetary brand value and looks at the techniques involved in the valuation of intangible assets - particularly brands.

    SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

    • Definition, recognition and measurement rules of Intangible Assets for financial reporting
    • Concept of Fair Value Measurement
    • Fair Value Methods and Techniques for Intangible Assets
    • Practical example of a monetary brand valuation

    Why is the session of relevance to our members?

    Members attending this session will obtain a good understanding of the different methods to carry our a monetary valuation of intangible assets, specifically brands.

      Target Audience

      • CEOs, Accountants & Auditors
      • Accountants specializing in which area(s) would benefit from joining this session?
      • Auditors, Accountants specializing in valuations and/or accountants exposed to business combinations would benefit from joining this session.

      Speaker's Profile

      Kris Bartolo is a Certified Public Accountant and Registered Auditor who graduated from the University of Malta after completing the Bachelor of Accountancy (Honours) Degree. In 2014, Kris joined Zampa Debattista and was appointed Partner in 2021, leading the financial advisory function. Throughout his work experience, he was exposed to EU funding projects, preparation of business plans, feasibility studies, financial modelling, valuations, cost-benefit analysis, fundraising for the private sector and other financial advisory assignments.

      EVeNT CPE COMPETENCies


      3  Core


      WEBINARS TERMS AND CONDITIONS

      Terms and conditions  apply


      DISCLAIMER

      By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
      Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
      • 15 May 2024
      • 22 May 2024
      • 3 sessions
      • Online Webinar
      Register
      Registration Time: 09:00
      Sessions Time: 09:15 - 12:30  including a 15-minute break
      Speakers: Mr Neville Saliba, Mr John Debattista & Mr Tristan Agius
      Venue:   Online Webinar
      Participation Fees (The Institute is now accepting payments via Paypal)
      MIA Members: €110.00
      Non-MIA Members: €215.00
      Retired Members: €50.00
      Students: €80.00

      *Group bookings for 3 or more participants available.

      BACKGROUND INFORMATION

      The theoretical sections of the session aim to equip participants with the required knowledge to exercise the right judgement when determining the necessity to consolidate. The practical component aims to provide attendees with the expertise required for the preparation of consolidated financial statements, aligning with professional standards and requirements.

      SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

      SESSION 1 – Theory:

      This session aims to provide a comprehensive overview of consolidations in financial reporting, addressing:
      • The Companies that need to consolidate and the companies that do not.
      • An overview of Companies Act provisions regulating consolidated financial statements.
      • A compare and contrast exercise between IFRS and GAPSME.
      •  Resolving conflicts between different laws and regulations.
      • A sound theoretical foundation before applying the practice, i.e. discussion of concepts and practical applications of notions such as control, goodwill, consolidated retained earnings, the main consolidation adjustments and non-controlling interest (NCI).
      • Concluding theoretical remarks and summaries.

      SESSION 2: Practice (Basic):

      This session focuses on consolidation techniques through a series of case studies. Participants will gain practical insights into diverse scenarios, including:
      • Consolidation of a fully-owned subsidiary
      • Consolidation of a subsidiary that is not fully-owned using the share of net assets method.
      • Consolidation of a subsidiary that is not fully-owned using the fair value method.
      • Consolidation of a subsidiary that is also a customer.
      • Consolidation of a subsidiary that is also a supplier.
      •  Consolidation of a subsidiary that distributed a dividend.
      • Consolidation of a subsidiary acquired by cash.
      • Consolidation of a subsidiary acquired by deferred consideration. Consolidation of a subsidiary acquired by granting of acquirer’s shares.
      • Consolidation of a subsidiary acquired, of which the asset fair values differ from carrying amounts.

      SESSION 3: Practice (Advanced):

      • This session delves into advanced consolidation topics, addressing:
      • Complex group structures
      • Subsidiaries in foreign currencies
      • Impairment issues
      • Deferred tax issues
      • Accounting treatment of step-acquisitions:
                From no influence to control 
                From influence to control
                 From control to control
      • Accounting treatment of disposals:
                  F rom control to zero
                  From control to no influence
                  From control to influence
                  From control to control

      Why is the session of relevance to our members?

      Members and likewise non-members of the MIA should attend as the session should provide:
      • An understanding to the criteria which trigger the requirement to consolidate, supported by insights into the application of these criteria in practice;
      • Insights into the main consolidation procedures which are required through both basic illustrative case studies as well as more advanced scenarios, which will be simplified in the interest of understandability.

        Target Audience

        The course is specifically targeted to accounting professionals and students, especially those who are pursuing or intend to pursue a career in audit or financial reporting. 

        Speakers' Profiles

        Neville Saliba graduated from the University of Malta in 2020 after the completion of the Master in Accountancy Degree. He joined the Accounting Advisory department at Zampa Debattista in 2022, prior to which he gained experience in client accounting at one of the big-four firms. In 2023, Neville has taken up the role of a Financial Reporting Team Leader at Zampa Debattista allowing him to specialise further in IFRS, Consolidations, Conversions between different financial reporting frameworks, GAPSME and ESG reporting. During his career Neville has lectured the Financial Reporting module for ACCA as well as actively delivers several lectures on his areas of specialisation.
        John Debattista is a Certified Public Accountant and Registered Auditor. He is a founding partner at Zampa Debattista, heading the Audit and Assurance function as well as the firm’s Corporate Reporting Advisory team. Throughout his career, John has lectured numerous audit and financial reporting modules in the final stages of the ACCA and ACA qualifications for the ICAEW, Institute of Chartered Accountants in England and Wales. He has lectured the ACCA Diploma in IFRS (DipIFR) and has been a guest speaker during audit and financial reporting seminars organised by various institutes in Malta. His areas of specialisation include the financial services industry, the gaming industry, and the hospitality industry. He has worked in Zurich, Bucharest, Vienna, and London on several ad hoc assignments. 
        Tristan Agius has been part of Zampa Debattista's Audit Team since 2018 and currently holds the position of audit manager. Through his work experience, he was exposed to assurance assignments on gaming companies, pension funds, shipping and retail. In addition, Tristan also lectures the ACCA's Audit & Assurance module. 

        EVeNT CPE COMPETENCies


        9  Core


        WEBINARS TERMS AND CONDITIONS

        Terms and conditions  apply


        DISCLAIMER

        By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
        Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
        • 4 Jul 2024
        • 09:15 - 12:30
        • Online Webinar
        Register
        Registration Time: 09:00
        Sessions Time: 09:15 - 12:30 (with a 15 min break)
        Speaker: Mr Paul Zammit
        Venue: 
          Online Webinar

        Participation Fees 
        MIA Members: €40.00
        Non-MIA Members: €75.00
        Retired Members: €20.00
        Students: €30.00

        *Group bookings for 3 or more participants available.

        BACKGROUND INFORMATION

        Entities may own material tangible assets that they expect to use for more than one period. Such tangible assets could be held for a variety of purposes, such as for operations, for administration, for rental to others or for capital appreciation.
        Such tangible assets may meet the definition of PPE (Property, Plant and Equipment) or investment property.
        This session will cover the accounting considerations, and treatment for PPE and investment property, under both GAPSME and IFRS.
        During the session, we’ll also cover several challenging areas that may be encountered by accounting professionals in practice.

        Specific topics to be covered during the sessioN

        • In the session’s introduction, we’ll cover the meaning of PPE and investment property, the fact that classification is driven by purpose and the reason why we capitalise.
        • Part two of the session will be dedicated to PPE. We’ll cover the general accounting principles to be applied for PPE under both IFRS and GAPSME, from the moment that PPE is initially recognised up to the point of eventual derecognition of the asset.
        • The third part of the session, related to investment property, will be similar in some ways to the previous one, but will also include some special considerations, such as the differences between IFRS and GAPSME treatment for investment property, the situations where the classification as PPE or investment property is not that clear, and the correct accounting treatment when there is evidence of a change in purpose.
        • In part four of the session, we’ll delve into some of the complexities faced by professionals in relation to PPE and investment property in practice.

        WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

        Members should attend both if they encounter challenges when accounting for PPE and investment property, and also if they would like a general refresher about the topic.
        Non-members should attend if they are studying accounting or if they are users of financial statements that want to understand better the meaning of disclosures relating to PPE and investment property.

        Target Audience

        This session is mainly targeted towards accounting professionals, but it will be also of great value to accountancy students.

        SPEAKER'S PROFILE

        Mr Paul Zammit is a financial reporting specialist at NM Group. Paul graduated in accounting at the University of Malta in 2008. Paul started his career in auditing, and switched to accountancy in 2012. Since 2017, Paul has specialised in financial reporting (IFRS and GAPSME). During the last seven years, Paul has been involved in several financial reporting advisory engagements and has also accumulated significant experience in lecturing financial reporting papers (including ACCA and ACA). Paul is currently a member of the MIA financial reporting committee.
        EVENT CPE COMPETENCies
        3 Core


        WEBINARS TERMS AND CONDITIONS

        Terms and conditions  apply


        DISCLAIMER

        By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
        Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.

                     

      Contact Us

      Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

      E-mail: info@miamalta.org

      Tel. +356 2258 1900

      © MALTA INSTITUTE OF ACCOUNTANTS, 2024