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M22083 - Accounting for receipt of government grants (Online)

  • 24 Nov 2022
  • 13:30 - 15:30
  • Online Webinar

Registration


Registration is closed
Registration Time: 13:15
Sessions Time: 13:30 - 15:30 (No break)
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 20 Accounting for Government Grants and Disclosure of Government Assistance prescribes the accounting for receipt of government grants and outlines the disclosure requirements for other government assistance. Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate. IAS 20 also prescribes disclosure requirements which need to be presented in the financial statements for those entities in receipt of government grants and government assistance. The standard also prescribes the accounting requirements for repayment of such grants. In this session we shall also be discussing specific types of grants such as low-interest loans and future developments for this standard.

Specific topics to be covered during the session 

IAS 20 Accounting for Government Grants and Disclosure of Government Assistance.

Why is the session of relevance to our members?

The session provides the participants with both the theoretical underpinnings and practical considerations emanating from IAS 20.

Target Audience

Practitioners in industry, students and all those in the profession.

    Speaker's Profile

    Georges Xuereb is a Certified Public Accountant and forms part of the Accounting Advisory Services team at KPMG Malta, holding the role of an Associate Director 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 lectured the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

    EVENT CPE COMPETENCES


    2 Hours Core


    WEBINARS TERMS AND CONDITIONS


    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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