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Functional, Presentation and Foreign Currency - Special Considerations Under IAS 21

Description

Registration Time: 13.15
Session Time: 13.30 - 16.45 including a 15-minute coffee break 
Speaker: Mr John Debattista & Mr Paul Zammit 
Venue: Lower Ground, Tower Training Centre, Swatar

 

Participation Fees 
MIA Members: €35.00
Non-MIA Members: €70.00
Retired Members: €15.00
Students: €20.00

 

BACKGROUND INFORMATION

There are various challenges we face when dealing with IAS 21. The seminar will focus on some of them, namely:

  1. The procedures that an entity should follow when accounting for transactions in foreign currency.
  2. How to translate the financial statements of a foreign operation into the entity’s functional currency.
  3. How to translate from functional to presentation currency.
  4. Re-translating monetary and non-monetary foreign currency balances at year-end.
  5. The implication of foreign currency translations into disclosure notes such as property, plant and equipment, intangible assets etc.
  6. The implications of foreign currency on the statement of cash flows.

 

OBJECTIVES

The objectives of the seminar are:

  • To provide an overview in relation to the provisions of IAS 21.
  • To illustrate such provisions with basic practical examples.
  • To address situations requiring special considerations, each illustrated with examples.
CPE Hours

3 hours Core

Speakers
John Debattista
Partner, Audit and Assurance
Zampa Debattista

John Debattista is a Certified Public Accountant and Registered Auditor.  He 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 sits on a number of MIA committees namely, the audit, financial reporting and SMP committees.

Paul Zammit
Technical Supervisor
Zampa Debattista

Paul Zammit joined Zampa Debattista in January 2017. Paul graduated from the University of Malta after completing the Bachelor of Accountancy (Honours) Degree in 2008. Paul commenced his career in audit and switched to accountancy in 2012. He spent most of his time in accountancy managing a portfolio of international clientele, before joining Zampa Debattista’s accounts department in 2017. After a few months,Paul decided to accept the internal opportunity to specialise in technical matters and increase his proficiency in reporting standards. Paul is currently involved in technical accounting and advisory assignments, whilst training and assisting internal staff and external people on IFRS technical matters.

21
October 2019

Functional, Presentation and Foreign Currency - Special Considerations Under IAS 21

(M1952)

Organized By: The Malta Institute of Accountants
Type of Event: Seminar

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Date & Time
2019-10-21 13:30:00 2019-10-21 16:45:00 Europe/Malta Functional, Presentation and Foreign Currency - Special Considerations Under IAS 21 There are various challenges we face when dealing with IAS 21. The seminar will focus on some of them, namely: 1. The procedures that an entity should follow when accounting for transactions in foreign currency. 2. How to translate the financial statements of a foreign operation into the entity’s functional currency. 3. How to translate from functional to presentation currency. 4. Re-translating monetary and non-monetary foreign currency balances at year-end. 5. The implication of foreign currency translations into disclosure notes such as property, plant and equipment, intangible assets etc. 6. The implications of foreign currency on the statement of cash flows. Lower Ground, Tower Training Centre, Swatar, The Malta Institute of Accountants
Mon, 21 October 2019
13:30 - 16:45
Location
Lower Ground, Tower Training Centre, Swatar,
Cancellation Policy

Refer to Terms and conditions.

Terms & Conditions
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