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M21089 - Accounting Under IFRS - IAS 37 and IAS 2 (Online)

  • 3 Nov 2021
  • 13:30 - 15:30
  • Online Webinar

Registration


Register
Registration Time: 13:15
Sessions Time: 13.30 - 15.30 
Speaker: Mr Georges Xuereb
Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €28.00
Non-MIA Members: €50.00
Retired Members: €15.00
Students: €20.00
*Group bookings for 3 or more participants available.

Background Information

IAS 37 Provisions, Contingent Liabilities and Contingent Assets outlines the accounting for provisions (liabilities of uncertain timing or amount), together with contingent assets (possible assets) and contingent liabilities (possible obligations and present obligations that are not probable or not reliably measurable). Provisions are measured at the best estimate of the expenditure required to settle the present obligation, and reflects the present value of expenditures required to settle the obligation where the time value of money is material.
IAS 2 Inventories contains the requirements on how to account for most types of inventory. The standard provides guidance for determining the cost of inventories and for subsequently recognising an expense, including any write-down to net realisable value. It also provides guidance on the cost formulas that are used to assign costs to inventories

Objectives of the Session

By the end of the training session the participants will obtain an understanding of:
  • the definitions of a provision, contingent liability and contingent asset, and the recognition, measurement and disclosure requirements of such under IAS 37; and
  • the scope of the standard, the measurement of inventories and the acceptable methods of determining cost.

Topics on the Agenda

  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  • IAS 2 Inventories

Target audience

This course will be of benefit to Practitioners in industry, students and all those in the profession.

Speakers profile

Georges Xuereb is a Certified Public Accountant and forms part of the Accounting Advisory Services team at KPMG Malta, holding the role of a Senior Manager and providing technical IFRS advice and assistance to local and foreign clients operating in various industries. Georges also delivers technical training on IFRS matters internally and to his clients, and lectures the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

EVENT CPE COMPETENCES

2 Hour Core 

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

DISCLAIMER

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