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M22018 - Consolidation Workshop - 3 Day Package (Online)

  • 1 Feb 2022
  • 15 Feb 2022
  • 3 sessions
  • 1 Feb 2022, 13:30 16:45 (CET)
  • 8 Feb 2022, 13:30 16:45 (CET)
  • 15 Feb 2022, 13:30 16:45 (CET)
  • Online Webinar


Registration is closed
Registration Time: 13:15
Sessions Time: 13:30 - 16:45  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: €110.00
Non-MIA Members: €215.00
Retired Members: €50.00
Students: €80.00

*Group bookings for 3 or more participants available.

Background Information

FRS 10 ‘Consolidated Financial Statements’ defines consolidated financial statements as “the financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic entity”. This Course will cover both the theoretical and the practical side of consolidations in-depth. See below for a more detailed list of topics.

Topics on the agenda

SESSION 1 – Theory:
1. An introduction to consolidation.
2. The Companies that need to consolidate and the companies that do not.
3. An overview of Companies Act provisions regulating consolidated financial statements.
4. A compare and contrast exercise between IFRS and GAPSME.
5. Resolving conflicts between different laws and regulations.
6. 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).
7. Concluding theoretical remarks and summaries
SESSION 2: Practice (Basic):
A series of case-studies illustrating consolidation techniques:
8. Basic consolidation of a fully-owned subsidiary
9. Basic consolidation of a subsidiary that is not fully-owned using the share of net assets method.
10. Basic consolidation of a subsidiary that is not fully-owned using the fair value method.
11. Basic consolidation of a subsidiary that is also a customer.
12. Basic consolidation of a subsidiary that is also a supplier.
13. Basic consolidation of a subsidiary that distributed a dividend.
14. Consolidation of a subsidiary acquired by cash.
15. Consolidation of a subsidiary acquired by deferred consideration.
16. Consolidation of a subsidiary acquired by granting of acquirer’s shares.
17. Consolidation of a subsidiary acquired, of which assets’ fair values differ from carrying amounts.
SESSION 3: Practice (Advanced):
1. Advanced consolidations: complex structures
2. Advanced consolidations: subsidiaries in foreign currencies
3. Advanced consolidations: impairment issues
4. Advanced consolidations: deferred tax issues
5. Accounting treatment of step-acquisitions and disposals:
a) Step-acquisitions: from no influence to control
b) Step-acquisitions: from influence to control
c) Step-acquisitions: from control to control
d Disposals: from control to zero
e) Disposals: from control to no influence
f) Disposals: from control to influence
g) Disposals: from control to control

Why is the session of relevance to our members?

Accountants who are carrying out consolidation or auditors who are auditing them may have a refresher on the technical and practical knowledge required to perform consolidations.

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' Profiles

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.


9 Hours Core


Terms and conditions  apply


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