Registration Time: 13:15
Sessions Time: 13:30 - 16:45  including a 15-minute break
Speakers: 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

An entity may carry out some of its activities in foreign currencies. The area of accounting for foreign currency is one of the more general areas of financial reporting, in terms of the potential reach it has on all financial statement line items. It is thus particularly essential to understand properly this financial reporting area before starting the process leading to accurate financial statements that show a true and fair view in line with the applicable reporting framework. There are numerous specific considerations to be made when accounting for foreign currency activities. The objective of this session is to provide attendees with a concise, comprehensive overview of IAS 21 ‘The Effects Of Changes In Foreign Exchange Rates’ and GAPSME Section 18, via practical examples.

Specific topics to be covered during the session

• An introduction to foreign currency activities.

• Determining the functional currency.

• Transactions in foreign currency.

• Foreign operations.

• Other considerations

WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

Accounting in foreign currency is encountered commonly by members. This session serves simultaneously as both a refresher course and also as a guard against potential pitfalls and areas in which guidance is limited.

Target Audience

Accounting professionals and accountancy students.

Speaker's Profile

Paul Zammit is a manager within Deloitte’s ‘Business Process Solutions’ function. He has several years of experience specialising in financial reporting (IFRS and GAPSME) and lecturing financial reporting papers (including ACCA and ACA). He is currently a member of the MIA financial reporting committee.

EVENT CPE COMPETENCES

3  Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

DISCLAIMER

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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.