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M21035 - Application Of The Leases Standard To Specific Situations (Online)

  • 14 May 2021
  • 09:15 - 12:30
  • Online Webinar

Registration

Registration Time: 09.00
Sessions Time: 09.15 - 12.30 incl 15min break
Speaker: Mr John Debattista & 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
*Group bookings for 3 or more participants available.

Background Information

IFRS 16 is the leases standard effective from 1 January 2019, replacing IAS 17. IFRS 16 brought about significant changes in lessee accounting, abolishing the distinction between finance leases and operating leases. On the other hand, lessor accounting remains largely unchanged, meaning that the distinction between finance leases and operating leases is still required, and has a direct impact on the accounting.

Objectives of the Session

This three-hour session will briefly go over the basic principles of IFRS 16. However, the main purpose of this session is to illustrate these principles in a number of specific situations that could typically be encountered by IFRS preparers in practice

Topics on the Agenda

• Overview of IFRS 16’s general accounting provisions.
• Determination of whether contracts contain leases.
• Complexities in relation to the determination of the lease term.
• Sub-lease agreements.
• Modifications in the terms of lease agreements

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. Attendees are expected to be comfortable with double entry and financial reporting.

Speakers profile

Mr John Debattista: 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.
Mr Paul Zammit: 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 Hour Core

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

DISCLAIMER

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