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• M24065 - IFRS 18 - What changes are coming our way? (Online)

  • When
    4 Sep 2024
  •  
    09:30 - 11:30
  • Location
    Online Webinar

  Register

  Registration Time:09:15
  Sessions Time: 09:30- 11:30  No Break
  Speakers: Mr Georges Xuereb
  Venue:   Online Webinar

  
  

  Participation Fees 
  MIA Members: €28

  Non-MIA Members: €50.00

  Retired Members: €15.00

  Students: €20.00

  *Group bookings for 3 or more participants available.

  
  

  BACKGROUND INFORMATION

  IFRS 18 Presentation and Disclosure in Financial Statements supersedes IAS 1 Presentation of the Financial Statements. The new standard will enable investors to benefit from greater consistency of presentation in the income and cash flow statements, more disaggregated information, and will make certain 'non-GAAP' measures part of the financial statements, thus bringing more credibility to management's KPIs. The bottom line will not change, it is only the composition of the income statement which will change. IFRS 18 is effective from 1 January 2027 and applies retrospectively.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  IFRS 18 Presentation and Disclosure in Financial Statements

  Why is the session of relevance to our members?

  The session provides the participants with practical considerations on the application of a newly forthcoming standard

  Target Audience

  Accountants in practice; Accountants specialising in financial reporting

  Speaker's Profile

  
  

  Georges Xuereb is a Certified Public Accountant and forms part of the Corporate Accounting Advisory Services team at KPMG Malta, holding the role of a n Associate Director and providing technical IFRS advice and assistance to local and foreign clients operating in various industries. Georges also delivers technical training on IFRS matters internally and to his clients, and lectures the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

  EVeNT CPE COMPETENCies

  2 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
• M24090 - The distinguishing characteristics of the iGaming Industry: An accountancy perspective (Online)

  • When
    27 Sep 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  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.

  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.

  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

  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
• M24062 - Accounting For Leases Under IFRS And GAPSME (Online)

  • When
    3 Oct 2024
  •  
    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 
  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
• M24077 - GAPSME Advance - A 9 Hour Package (Online)

  • Start
    6 Nov 2024
  •  
  • End
    27 Nov 2024
  •  
  • Schedule
    4 sessions
  • Location
    Online Webinar

  Register

  Registration Time: 13:15
  Session 1 Time: 13:30 - 16:45  including a 15-minute break

  Sessions 2, 3 & 4 Time: 13:30 - 15:45 including a 15 minute break

  Speakers: Mr Neville Saliba, Mr John Debattista
  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

  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 or subject to some exceptions.

  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
  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 is the session of relevance to our members?

  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

  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 in 2022, prior to which he gained experience in client accounting at one of the big-four firms. In 2023, Neville has taken up the role of a Financial Reporting Team Leader at Zampa Debattista allowing him to specialise further in IFRS, Consolidations, Conversions between different financial reporting frameworks, GAPSME and ESG reporting. During his career Neville has lectured the Financial Reporting module for ACCA as well as actively delivers several lectures on his areas of specialisation.

  John Debattista is a Certified Public Accountant and Registered Auditor. He is a founding partner at Zampa Debattista, heading the Audit and Assurance function as well as the firm’s Corporate Reporting Advisory team. Throughout his career, John has lectured numerous audit and financial reporting modules in the final stages of the ACCA and ACA qualifications for the ICAEW, Institute of Chartered Accountants in England and Wales. He has lectured the ACCA Diploma in IFRS (DipIFR) and has been a guest speaker during audit and financial reporting seminars organised by various institutes in Malta. His areas of specialisation include the financial services industry, the gaming industry, and the hospitality industry. He has worked in Zurich, Bucharest, Vienna, and London on several ad hoc assignments. 

  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
• M24088 - Digital Era of Accounting - building identifying app stacks (Online)

  • When
    15 Nov 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00
  Sessions Time: 09:15 - 12:30  including a 15-minute break
  Speakers: Mr Brian Ferris & Mr Michele Hili
  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

  Some Background Information relating to the session; The session will be focusing on introducing tech terms and the cloud eco system to accountants to help them navigate the new era of accounting, i.e. the Digital accounting era.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • What is the role of an accountant in the new digital era? 
  • How do you use technology to add value to your clients
  • What is an app stack? 
  • Practical examples of app stack in different industries
  • How does one build an app stack?
  • Using the app stack to your advantage
  • Understanding what type of accounting firm you want to become

  Why is the session of relevance to our members?

  Members and non-members should join the session to understand how to use technology to its full potential to help their business and their client's businesses grow sustainably and efficiently.
  

  Target Audience

  Accountants of all ages, positions and industries in practice and in business interested in leveraging the latest technology to help them with their day-to-day jobs.

  Speakers' Profiles

  Brian Ferris is a finance professional, tech enthusiast, entrepreneur, investor, eternal optimist and dreamer who envisions a world where trust, understanding, and harmonious collaboration prevail. With a strong background in finance and early industry experience, he transitioned into entrepreneurship, leveraging his financial expertise to pursue tech-focused business ventures. Brian is presently engaged operationally as the Managing Director at Scope, a prominent cloud software solutions firm. Brian also serves as an investor and non-executive director in various enterprises, predominantly tech-related.

  Michele Hili is not your typical ACCA qualified accountant, after spending some years at a big four practice, he decided to combine his passions for finance and technology to find ways to help out other accountants rediscover the fun in accounting. He is now acting as Team Lead within the Finance Solutions team at Scope Solutions where he helps the team spread the word about cloud accounting tech and how bookkeeping doesn't have to be the necessary evil you need to be compliant, but an essential part in your everyday decision making. When not working on a software implementation or researching new tools, you'll find Mick at the tennis courts or on his sofa watching Juventus (hopefully) winning the league again and Ferrari (less likely) winning the F1 championship.

  EVeNT CPE COMPETENCies

  
  

  3  Professional

  
  

  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
• M24061 - Management Accounts - Reporting to Business Owners (Online)

  • When
    29 Nov 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

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

  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