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M22060 - Financial Instruments Under IFRS 9 And GAPSME – An Overview (Online)

  • 13 Jul 2022
  • 09:15 - 12:30
  • Online Webinar


Registration Time: 09:00
Sessions Time: 09:15 - 12:30  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: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00

*Group bookings for 3 or more participants available.


Accounting for financial instruments is one of the most complex area for practitioners, and the classification, recognition, measurement and disclosures of financial instruments can be impacted by several factors. The starting point is the choice of the correct accounting framework and/or standard.
As from 2016, Maltese accountants are preparing financial statements under IFRS (International Financial Reporting Standards) or GAPSME (General Accounting Principles for Small and Medium-Sized Entities), depending on eligibility and sometimes based on choice. GAPSME replaced GAPSE (General Accounting Principles For Smaller Entities).
GAPSME is strikingly similar to IAS 39 ‘Financial Instruments: Recognition And Measurement’. However, as from 1 January 2018, IFRS financial statements are no longer governed by IAS 39, but by IFRS 9 ‘Financial Instruments’. Under IFRS, there are other standards relating to financial instruments such as IAS 32 ‘Financial Instruments: Presentation’ and IFRS 7 ‘Financial Instruments: Disclosures’. Unlike IAS 39, these remain effective today. IFRS 9 brought about several key changes. As a result, today, IFRS preparers need to make a different assessment, and consider different factors, compared to GAPSME preparers.
This session will tackle the classification and measurement of financial instruments under both IFRS and GAPSME.

Topics on the agenda

  • Classification of financial instruments under IFRS and GAPSME.
  • Measurement of financial instruments under IFRS and GAPSME.

Why is the session of relevance to our members?

It will enable members to understand the thought process necessary when deciding how to account correctly for financial instruments under the relevant reporting framework.

Target Audience

Qualified accountants, accountancy students.

    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. 


    3 Hours Core


    Terms and conditions  apply


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    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use

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