Registration Time: 13:15

Sessions Time: 13:30- 16:45  including a 15-minute break
Speaker: Mr Paul Zammit
Venue:   Online Webinar

Participation Fees 
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

This 3-hour online CPE session will cover the accounting considerations to be made by accounting professionals when accounting for a lease agreement. These considerations include, but are not limited to:

• The applicable reporting framework.
• The identification of a lease agreement (or an agreement containing a lease).
• The type of party that the entity is to such agreement (in a basic arrangement, the entity would be either the lessee or the lessor).
• The key information to extract from a lease agreement. 
• The classification of the lease as an operating lease or a finance lease (when relevant).
• The determination of the lease term.

This session will also delve into the accounting treatment and mechanics of different types of leases under multiple reporting frameworks, and will address some of the complications that may be encountered by professionals when accounting for leases.

Specific topics to be covered during the sessioN

The session will be split in six main parts:
1. Introduction to leases
2. Lessee accounting under GAPSME
3. Lessee accounting under IFRS
4. Lessor accounting under GAPSME
5. Lessor accounting under IFRS
6. Complex arrangements

WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

Members, as well as accountants that are not members, will find it useful, within the context of their profession, to understand the mechanics of lease accounting under different reporting frameworks that apply locally. Other non-members that attend the session will be in a better position to understand financial statements of entities that were parties to lease arrangements during the periods being reported.

Speaker's Profile

Paul Zammit is a financial reporting specialist at NM Group. Paul graduated in accounting at the University of Malta in 2008. Paul started his career in auditing, and switched to accountancy in 2012. Since 2017, Paul has specialised in financial reporting (IFRS and GAPSME). During the last six years, Paul has been involved in several financial reporting advisory engagements and has also accumulated significant experience in lecturing financial reporting papers (including ACCA and ACA). Paul is currently a member of the MIA financial reporting committee.

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.