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• M23036 - Accounting For An Entity's Foreign Currency Activities (Online)

  • When
    4 Apr 2023
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

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

  An entity may carry out some of its activities in foreign currencies. The area of accounting for foreign currency is one of the more general areas of financial reporting, in terms of the potential reach it has on all financial statement line items. It is thus particularly essential to understand properly this financial reporting area before starting the process leading to accurate financial statements that show a true and fair view in line with the applicable reporting framework. There are numerous specific considerations to be made when accounting for foreign currency activities. The objective of this session is to provide attendees with a concise, comprehensive overview of IAS 21 ‘The Effects Of Changes In Foreign Exchange Rates’ and GAPSME Section 18, via practical examples.

  Specific topics to be covered during the session

  • An introduction to foreign currency activities.

  • Determining the functional currency.

  • Transactions in foreign currency.

  • Foreign operations.

  • Other considerations

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  Accounting in foreign currency is encountered commonly by members. This session serves simultaneously as both a refresher course and also as a guard against potential pitfalls and areas in which guidance is limited.

  Target Audience

  Accounting professionals and accountancy students.
  

  Speaker's Profile

  Paul Zammit is a manager within Deloitte’s ‘Business Process Solutions’ function. He has several years of experience specialising in financial reporting (IFRS and GAPSME) and lecturing financial reporting papers (including ACCA and ACA). He is currently a member of the MIA financial reporting committee.
  

  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.

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• M23029 - Management Accounts - Reporting to Business Owners (Online)

  • When
    26 Apr 2023
  •  
    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 (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
• M23037 - Consolidation Workshop: 3 day package (Online)

  • Start
    16 May 2023
  •  
  • End
    30 May 2023
  •  
  • Schedule
    3 sessions
  • Location
    Online Webinar

  Register

  Registration Time: 13:15
  Sessions Time: 13:30 - 16:45  including a 15-minute break
  Speakers: Mr John Debattista & Mr Neville Saliba
  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

  The objective of the theoretical part of the session is to provide attendees with the knowledge required in order to apply correct judgment when assessing whether a consolidation is required. The practical part is devised in such a way that provides attendees with the knowledge that professionals require in order to prepare consolidated financial statements.
  

  Topics on the agenda

  SESSION 1 – Theory:

  • An introduction to consolidation.

  • The Companies that need to consolidate and the companies that do not.

  • An overview of Companies Act provisions regulating consolidated financial statements.

  • A compare and contrast exercise between IFRS and GAPSME.

  • Resolving conflicts between different laws and regulations.

  • A sound theoretical foundation before applying the practice, i.e. discussion of concepts and practical applications of notions such as control, goodwill, consolidated retained earnings, the main consolidation adjustments and non-controlling interest (NCI).

  • Concluding theoretical remarks and summaries

  SESSION 2: Practice (Basic):

  • A series of case-studies illustrating consolidation techniques:

  • Basic consolidation of a fully-owned subsidiary

  • Basic consolidation of a subsidiary that is not fully-owned using the share of net assets method.

  • Basic consolidation of a subsidiary that is not fully-owned using the fair value method.

  • Basic consolidation of a subsidiary that is also a customer.

  • Basic consolidation of a subsidiary that is also a supplier.

  • Basic consolidation of a subsidiary that distributed a dividend.

  • Consolidation of a subsidiary acquired by cash.

  • Consolidation of a subsidiary acquired by deferred consideration.

  • Consolidation of a subsidiary acquired by granting of acquirer’s shares.

  • Consolidation of a subsidiary acquired, of which assets’ fair values differ from carrying amounts

  SESSION 3: Practice (Advanced):

  • Advanced consolidations: complex structures

  • Advanced consolidations: subsidiaries in foreign currencies

  • Advanced consolidations: impairment issues

  • Advanced consolidations: deferred tax issues

  • Accounting treatment of step-acquisitions and disposals:

  a) Step-acquisitions: from no influence to control

  b) Step-acquisitions: from influence to control

  c) Step-acquisitions: from control to control
  d) Disposals: from control to zero
  e) Disposals: from control to no influence
  f) Disposals: from control to influence
  g) Disposals: from control to control

  Why is the session of relevance to our members?

  Members and likewise non-members of the MIA should attend as the session should provide:
  • An understanding to the criteria which trigger the requirement to consolidate, supported by insights into the application of these criteria in practice;
  • Insights into the main consolidation procedures which are required through both basic illustrative case studies as well as more advanced scenarios, which will be simplified in the interest of understandability.

  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).

  
  

  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 the Financial Reporting module in ACCA since 2022 and actively sits on the MIA’s young members committee. In 2023, Neville has taken up the role of a Financial Reporting Team Leader at Zampa Debattista, allowing him to specialise further in IFRS, GAPSME and ESG reporting.

  EVENT CPE COMPETENCES

  
  

  9  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