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• M23094 - IFRS 9 Financial Instruments (Online)

  • When
    17 Oct 2023
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

  Registration Time: 13:15

  Sessions Time: 13:30- 16:45  including a 15-minute break
  Speaker: Mr Kevin Vassallo
  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

  IFRS 9 – Financial Instruments includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting. The IASB completed its project to replace IAS 39 in phases, adding to the standard as it completed each phase. The version of IFRS 9 issued in 2014 supersedes all previous versions and has been mandatorily effective for periods beginning on or after 1 January 2018. It is a widely applicable standard in most industries because the definition of financial instruments is somewhat wide and includes plain vanilla assets such as cash and receivables. Accordingly, its scope is very wide and most entities reporting under IFRS will apply it. Entities with more complex financial instruments however need to consider the more challenging aspects of the standard such as the impairment provisions and hedge accounting.

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  Given that financial instruments are found in all position statements, the session is relevant to all practitioners

  Target Audience

  Practitioners in industry, analysts, students at an advanced stage of their studies and all members of the profession. The seminar will give practical examples of measurement of equities and fixed-income instruments and will delve into the impairment provisions of different types of receivables. Attendees will benefit from an understanding of these provisions from a theoretical as well as a practical perspective and will gain a better understanding and appreciation of the requirements of this standard, its objectives and its wide-ranging applicability to commercial entities in all industries.

  Speaker's Profile

  Kevin Vassallo is a certified public accountant by profession who holds a post-graduate degree in the science of finance. He is currently Chief Officer Treasury and Projects at the Malta Development Bank, having previously occupied the post of Director Finance at the MFSA. Prior to that, he was a senior executive at the Central Bank of Malta for 28 years where he gained valuable experience in accounting, internal audit, human resources management, portfolio management and risk management. He has been lecturing and delivering CPE seminars for the past 25 years. His areas of expertise include accounting and financial management and he has in the past lectured in related subjects for ACCA, ACA and various MBA programmes.
  

  EVENT CPE COMPETENCies

  3  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  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.

  Show details
• M23089 - Accounting For Leases Under IFRS And GAPSME (Online)

  • When
    2 Nov 2023
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

  Registration Time: 13:15

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

  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.

  Target Audience

  Accounting professionals and accountancy students.

  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

  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.

  Show details
• M23100 - Leveraging historical financial data to predict the future (Online)

  • When
    21 Nov 2023
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

  Registration Time: 13:15
  Sessions Time: 13:15 - 16:45 including a 15-minute break
  Speaker: Mr Mark Wirth & Ms Lisa Apap
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  BACKGROUND INFORMATION

  Analysing a set of financial statements is an important tool for any accountant.
  This session will cover the principal methods that one may apply to analyse a set of financial statements, including the calculation and interpretation of key accounting ratios. Furthermore, this session will also provide the attendee with insights of how to extract historical information to be able to predict future performance of a company.
  The session will also include a step-by-step approach of how to create a basic set of financial projections.

  Topics on the agenda

  • Vertical vs horizontal method of analysing financial data

  • Calculation, application and interpretation of key financial ratios (liquidity, profitability, credit analysis and inventory)

  • Creation of financial projections

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  This session will help the attendees to improve their analysis skills and be able to calculate and apply key accounting ratios.
  Furthermore, the session will provide the attendees with an insight into how to create a basic set of financial projections.
  

  Target Audience

  Client accountants, in-house accountants and financial advisors

  Speaker's Profile

  Mark Wirth is a Certified Public Accountant and Registered Auditor, specializing mainly in client accounting and business advisory services.
  Mark graduated from the University of Malta after completing the Bachelor of Accountancy (Honours) Degree back in 2010.
  He spent seven years working within the tax and audit service lines within one of the Big 4 audit firms in Malta. In 2017, Mark co-founded Mint Finance, an accounting and audit firm which eventually merged with Zampa Debattista on 1st January 2022.
  Throughout his career, Mark has advised several clients operating in various industries, both locally and abroad.
  Mark also lectured the tax module of ACCA in recent years.

  Lisa Apap graduated from the University of Malta in 2020 after completing the Master in Accountancy Degree with a Distinction.

  She joined Zampa Debattista in 2018, forming part of the Accounting Advisory team.

  Lisa gained experience on both local and international clients in various industries, including gaming, retail, yachting and construction. She specialises in financial reporting in both IFRS and local framework (GAPSME).
  Lisa also lectures the financial accounting module of ACCA.

  
  

  EVENT CPE COMPETENCES

  
  

  3 Hours Core

  
  

  WEBINARS TERMS AND CONDITIONS

  
  

  Terms and conditions  apply

  
  

  DISCLAIMER

  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.

  Show details
• M23090 -GAPSME Advanced – A Nine-Hour Package (Online)

  • Start
    22 Nov 2023
  •  
  • End
    6 Dec 2023
  •  
  • Schedule
    3 sessions
  • Location
    Online Webinar

  Register

  Registration Time: 09:00

  Sessions Time: 09:15 - 12:30  including a 15-minute break
  Speakers: Mr John Debattista,  Mr Neville Saliba & Mr Daniel Galea
  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

  *Group bookings for 3 or more participants available.

  BACKGROUND INFORMATION

  GAPSME(General Accounting Principles for Small and Medium-Sized Entities) is the default accounting framework in Malta for accounting periods commencing on or after 1 January 2016. Maltese small and medium sized companies are allowed to use this reporting framework, yet required to comply with IFRSs (International Financial Reporting Standards) should they be recognised as large companies.

  Specific topics to be covered during the sessioN

  1. A detailed understanding of the general applicability of GAPSME
  

  2. General topics under GAPSME

  a. Accounting concepts
  b. General presentation
  c. Policies, estimates and errors
  3. Specific topics under GAPSME:
  a. Revenue
  b. Property, Plant and Equipment
  c. Investment Property
  d. Financial Assets, Financial Liabilities and Equity
  e. Investments in Subsidiaries, Associates and Joint Ventures
  f. Intangible Assets other than Goodwill
  g. Impairment of Assets
  h. Government Grants
  i. Leases
  j. Inventories
  k. Income Taxes
  l. Provisions and Contingencies
  m. Foreign Currency Translation
  n. Post Balance Sheet Events
  o. Related Party Disclosures
  p. Discontinued Operations and Assets Held For Sale

  
  

  Why should members attend this cpe event?

  The large majority of companies registered in Malta fall below the medium company threshold, meaning that a good portion of clients for accountants and auditors will follow this reporting framework. MIA members are therefore encouraged to attend the sessions to obtain or refresh their understanding of the main concepts that one needs to apply under GAPSME, as well as how these concepts differ from those applied under IFRSs.

  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).
  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 ACCA since 2022 and actively sits on the MIA’s young members committee.

  Daniel Galea is a CPA and Registered Auditor. Daniel began his career through an ACCA program at a big-four firm where he went on to hold various roles over a thirteen-year tenure. His experience ranges from Audit & Assurance, Corporate Services & Company Accounting, Technical Accounting and Digital Transformation. Daniel was also an active member of several internal committees. As of October 2022, he has taken on the role of Accounting Leader at Zampa Debattista and chairs the Change & Innovation Committee.
  Over the past few years, Daniel has taken a keen interest in, and become active in the data space with a focus on digital transformation for businesses and the profession.

  EVENT CPE COMPETENCies

  9  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  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.

  Show details
• M23099 - Management Accounts - Reporting to Business Owners (Online)

  • When
    19 Dec 2023
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

  Registration Time: 13:15
  Sessions Time: 13:30 - 16:45  including a 15-minute break
  Speaker: Mr Clayton Degiorgio
  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

  The session will cover the salient points of management account reports provided to business owners. Such reports are key for business owners and management to improve the profitability of a business and to make adequate decisions for growth.
  

  Specific topics to be covered during the session

  • The Importance of Management Accounts

  • Business Analysis to Identify Key Management Accounts

  • Typical Management Account Reports

  • Historical and Budgeted Information

  • Business Performance Indicators

  Why is the session of relevance to our members?

  This session will benefit attendees by understanding the relevance and techniques of management accounting reports that are prepared by the Finance Department.

  Target Audience

  This session is intended for accounting professionals and business owners to be able to prepare, understand and use management accounting reports to study the actual financial results and in turn use such knowledge to improve the future performance of their business.

  Speaker's Profile

  Clayton has graduated as a qualified Accountant with a Distinction from the University of Malta in 2015 and is a Certified Public Accountant and a Member of the Malta Institute of Accountants.
  Having started his experience with one of the Big Four both within the Tax Department and Audit Department, he moved on to Accountancy related positions in the industry. In his experience as an in-house Accountant, Clayton has worked in the services, manufacturing and retail industries for seven years.
  He currently holds the position of Chief Financial & Operations Officer with a reputable Maltese company operating within the retail industry and has opened a company providing audit, tax, accounting and advisory services.

  EVENT CPE COMPETENCES

  3  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  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.

  Show details