Registration Time: 09:00
Sessions Time: 09:15- 12:30  including a 15-minute break
Speaker: Mr Mark Dalli

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

The session will start by looking at the revenue generation process within iGaming entities from the point at which revenue is generated on the underlying IT platform, until the point when the respective revenue is recorded in the underlying accounting software. A typical IT system with the different layers involved will also be illustrated as part of this session. The session will then also look at the main reconciliations being made in the process by different teams within an iGaming entity and how these in turn feed into the accounting process.
The second part of the session will then focus on the specific accounting treatment for a number of account balances such as revenue, revenue share agreements, jackpots, security deposits and cash and cash equivalents, intangible assets,  player funds and open bets, provisions, contingent liabilities, and commitments. A typical budget that can be used as part of the going concern assessment required in the preparation of the annual financial statements will also be presented.   

Specific topics to be covered during the session

• Example of a typical iGaming Finance Function and how it interacts with other functions within the iGaming business

• Example of a typical IT System including the different IT layers involved

• Examples of the process (and typical reports and reconciliations)  involved from the point when the revenue is generated on the IT platform, up till the point when the revenue is recorded in the accounting system

• IFRS accounting treatment for revenue, revenue share agreements, jackpots, security deposits, cash and cash equivalents, intangible assets,  player funds and open bets, provisions, contingent liabilities, and commitments, and how these are reflected in the financial statements.

• Examples of budgets used for going concern assessments

WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

Following this session, participants should have a broader understanding and appreciation of the revenue generation process within iGaming entities and how this translates into the underlying accounting system. Participants engaged in the preparation and reviewing of financial statements of iGaming entities should have a wider and deeper appreciation of the more salient features and contents in the  financial statements of iGaming entities.

Target Audience

This session is particularly suited for accounting professionals already working within the iGaming Industry or aspiring to work within the finance functions of iGaming entities. Accounting and other professionals working in other industries that service the iGaming industry and/or make use of the financial statements of such entities will also find this course useful.   

Speaker Profile

Mark Dalli is an audit director working at KPMG Malta.  Since joining KPMG back in 2009 he has worked within the respective audit functions in Malta, Luxembourg and Toronto. During these years, he has accumulated wealth of experiences from the audits of several group structures, some of which are also listed on stock exchanges. Mark also participates in the Malta Institute of Accountants iGaming Committee and delivers external training through the Malta Institute of Accountants and the KPMG Learning Academy.
Through the assistance of a specialised group of audit professionals, he now services several clients operating in the iGaming and Technology spheres, particularly, developers and providers of platform, other software and games, online and land-based game providers, as well of other entities involved in the digital and affiliate marketing space. Many of these entities are among the largest players in this sector across the globe.

EVENT CPE COMPETENCies

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.