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M2080 - Substance Over Form Under IFRS (Online)

  • 30 Sep 2020
  • 09:15 - 12:30
  • Online Webinar

Registration


Register
Registration Time: 09:00
Sessions Time: 09:15 - 12:30 including a 15-minute break
Speakers: Mr. John Debattista and Mr. Paul Zammit
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

BACKGROUND INFORMATION

Substance over form is an accounting concept which means that the economic substance of transactions and events must be recorded in the financial statements rather than just their legal form in order to present a true and fair view of the affairs of the entity. This ensures that the financial statements give a complete, relevant, and accurate picture of transactions and events.

OBJECTIVES OF THE SESSION:

This 3-hour course will provide attendees with a practical insight. The concept of substance over form will be illustrated via examples pertaining to revenue and leases. The current IFRS standards relating to revenue and leases are new. During this seminar, the provisions in the new standards relating to substance over form will be compared to the superseded standards. The superseded standards remain relevant to the Maltese reality, not only for preparers of backlogs of financial statements, but also because GAPSME resembles the superseded IFRS standards.

TOPICS FOR THE SESSION:

  • Substance Over Form – Leases
  • Substance Over Form – Revenue

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.

SPEAKER'S 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

3 Hours Core

WEBINAR 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.
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