Registration Time: 13.15
Sessions Time: 13.30 - 16.45 including a 15-minute break
Speaker: Mr John Debattista & Mr Paul Zammit
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €160.00
Non-MIA Members: €300.00
Retired Members: €80.00
Students: €120.00

BACKGROUND INFORMATION

Local small and medium-sized companies are allowed to apply simplified accounting regulations (General Accounting Principles for Small and Medium-Sized Entities, commonly referred to as GAPSME), rather than International Financial Reporting Standards (IFRS), for accounting periods commencing on or after 1 January 2016.

OBJECTIVES

This 12-hour seminar, split over four sessions, aims to provide attendees with a comprehensive, ‘big picture’, understanding of the applicability and application of General Accounting Principles for Small and Medium-Sized Entities (GAPSME) at both financial accounting and financial reporting levels. All sections included in the legislation, with the exception of consolidation techniques, will be covered. Any relevant differences between IFRS and GAPSME shall also be pointed out as we cruise through the different topics. Numerous practical examples are expected to support the attendees’ understanding.

TOPICS ON THE AGENDA

1.     A detailed understanding of the general applicability of GAPSME

2.     General topics under GAPSME:
a.     Accounting concepts
b.     General presentation
c.      Policies, estimates and errors

3.     Specific topics under GAPSME:
a.     Revenue
b.     Property, Plant and Equipment
c.      Investment Property
d.     Financial Assets, Financial Liabilities and Equity
e.     Investments in Subsidiaries, Associates and Joint Ventures
f.       Intangible Assets other than Goodwill
g.     Impairment of Assets
h.     Government Grants
i.       Leases
j.       Inventories
k.      Income Taxes
l.       Provisions and Contingencies
m.   Foreign Currency Translation
n.     Post Balance Sheet Events
o.     Related Party Disclosures
p.     Discontinued Operations and Assets Held For Sale

TARGET AUDIENCE

The training 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 Profile

John Debattista is a Certified Public Accountant and Registered Auditor.  John is one of the founding partners at Zampa Debattista and heads the Audit and Assurance function and the firm’s IFRS Advisory Technical team.
John lectures the Corporate modules at the final stages of the ACCA and ACA course for the ICAEW, Institute Chartered of Accountants for England and Wales. John is also a speaker in various audit and accounting seminars delivered by a number of institutes in Malta. He also lectures the Diploma in IFRS (DipIFR).
John sits on a number of MIA committees namely, the audit, financial reporting and SMP committees.                                                        

Paul Zammit joined Zampa Debattista in January 2017. Paul graduated from the University of Malta after completing the Bachelor of Accountancy (Honours) Degree in 2008.  Paul commenced his career in audit and switched to accountancy in 2012. He spent most of his time in accountancy managing a portfolio of international clientele, before joining Zampa Debattista’s accounts department in 2017. After a few months, Paul decided to accept the internal opportunity to specialise in technical matters and increase his proficiency in reporting standards. Paul is currently involved in technical accounting and advisory assignments, whilst training and assisting internal staff and external people on IFRS technical matters.

EVENT CPE COMPETENCES

12 Hours Core 

TERMS AND CONDITIONS

Terms and conditions apply

DISCLAIMER

By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

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