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M23037 - Consolidation Workshop: 3 day package (Online)

  • 16 May 2023
  • 30 May 2023
  • 3 sessions
  • 16 May 2023, 13:30 (CEST) 16 May 2025, 16:45 (CEST)
  • 23 May 2023, 13:30 16:45 (CEST)
  • 30 May 2023, 13:30 16:45 (CEST)
  • Online Webinar


Registration is closed
Registration Time: 13:15
Sessions Time: 13:30 - 16:45  including a 15-minute break
Speakers: Mr John Debattista & Mr Neville Saliba
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

BackgrounD information

The objective of the theoretical part of the session is to provide attendees with the knowledge required in order to apply correct judgment when assessing whether a consolidation is required. The practical part is devised in such a way that provides attendees with the knowledge that professionals require in order to prepare consolidated financial statements.

Topics on the agenda

SESSION 1 – Theory:
  • An introduction to consolidation.
  • The Companies that need to consolidate and the companies that do not.
  • An overview of Companies Act provisions regulating consolidated financial statements.
  • A compare and contrast exercise between IFRS and GAPSME.
  • Resolving conflicts between different laws and regulations.
  • 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).
  • Concluding theoretical remarks and summaries
SESSION 2: Practice (Basic):
  • A series of case-studies illustrating consolidation techniques:
  • Basic consolidation of a fully-owned subsidiary
  • Basic consolidation of a subsidiary that is not fully-owned using the share of net assets method.
  • Basic consolidation of a subsidiary that is not fully-owned using the fair value method.
  • Basic consolidation of a subsidiary that is also a customer.
  • Basic consolidation of a subsidiary that is also a supplier.
  • Basic consolidation of a subsidiary that distributed a dividend.
  • Consolidation of a subsidiary acquired by cash.
  • Consolidation of a subsidiary acquired by deferred consideration.
  • Consolidation of a subsidiary acquired by granting of acquirer’s shares.
  • Consolidation of a subsidiary acquired, of which assets’ fair values differ from carrying amounts
SESSION 3: Practice (Advanced):
  • Advanced consolidations: complex structures
  • Advanced consolidations: subsidiaries in foreign currencies
  • Advanced consolidations: impairment issues
  • Advanced consolidations: deferred tax issues
  • 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?

Members and likewise non-members of the MIA should attend as the session should provide:
• An understanding to the criteria which trigger the requirement to consolidate, supported by insights into the application of these criteria in practice;
• Insights into the main consolidation procedures which are required through both basic illustrative case studies as well as more advanced scenarios, which will be simplified in the interest of understandability.

Target Audience

The 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).

    Neville Saliba graduated from the University of Malta in 2020 after the completion of the Master in Accountancy Degree. He joined the Accounting Advisory department at Zampa Debattista following the merger with Mint Finance in 2022, prior to which he gained experience in client accounting at one of the big-four firms.
    Neville has worked with a diversity of local and international clients providing him with an industry knowledge of various sectors. He has been lecturing the Financial Reporting module in ACCA since 2022 and actively sits on the MIA’s young members committee. In 2023, Neville has taken up the role of a Financial Reporting Team Leader at Zampa Debattista, allowing him to specialise further in IFRS, GAPSME and ESG reporting.


    9  Hours Core


    Terms and conditions  apply


    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.

    Contact Us

    Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

    E-mail: info@miamalta.org

    Tel. +356 2258 1900