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Upcoming events

    • 5 Mar 2024
    • 13:30 - 16:45
    • 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 session will tackle, via a combination of theory and practical examples, the accounting treatment of financial instruments under the locally applicable reporting frameworks (IFRS and GAPSME). The session will cover the accounting by both issuers and holders, but in the case of holders, it will be restricted to situations where holders do not ‘enjoy’ control, joint control or significant influence over investees.
    Still, the topic within the scope of the session stands out as one of the most complex, if not the most complex, in financial reporting, as evidenced by the combined length and detail of currently effective IFRS standards, that is IFRS 9, IAS 32 and IFRS 7.
    The purpose of this 3-hour session will not be to go into such detail to an exhaustive extent, but to provide attendees with an overview of the thought process to apply when accounting for financial instruments. The thought process for GAPSME preparers differs from the one applied by IFRS preparers, and this distinction will be clear during the session.


    SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

    The session's introduction will serve to clarify what we mean, within the context of the session's objectives, by financial instruments. Also, we will distinguish between an issuer and a holder of a financial instrument, whilst defining financial assets, financial liabilities and equity.
    During the first part of the session, we shall delve into financial assets under GAPSME. Attendees shall be guided as to how to classify and measure financial assets when applying GAPSME.
    The second part of the session shall also tackle the classification and measurement of financial assets, but this time, the analysis will be from an IFRS perspective. Attendees will notice that the thought process changes considerably, compared to GAPSME.
    Part three of the session will be dedicated to the concept of impairment of financial assets. We will be comparing and contrasting the GAPSME incurred loss model with the IFRS expected credit loss model.
    During the rest of the session, we will be mainly looking at financial instruments contracts from the issuer's point of view. Moreover, as we approach the end of this CPE session, the focus shall be on equity and financial liabilities.
    The session is also expected to cover some special considerations in connection with financial instruments, but these will be sprinkled throughout the different parts of this CPE.
    We'll wrap up the session with a concluding summary that is expected to leave participants with renewed clarity in relation to the accounting for financial instruments under IFRS and GAPSME.


    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 thought process required when accounting for financial instruments 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 contracts of financial instruments during the periods being reported.

      Target Audience

      Accounting professionals and accountancy students.

      Speaker's Profile

      Mr 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 seven 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.
      • 17 Apr 2024
      • 13:30 - 16:45
      • Online Webinar
      Register
      Registration Time: 13:15
      Sessions Time: 13:30 - 16:45  including a 15-minute break
      Speaker: Mr Kris Bartolo
      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

      Intangible assets can be recognized as highly valued properties. Arguably the most valuable, but least understood, intangible assets are brands. In the past years businesses have seen a fundamental shift in the sources of value creation from their tangible assets to their intangible assets, namely intellectual property (brands). Brand valuations are used for a variety of purposes, including tax, finance, financial reporting, and marketing. Hence, reliable values need to be placed on brands. This webinar highlights the importance of understanding the difference between equity value and monetary brand value and looks at the techniques involved in the valuation of intangible assets - particularly brands.

      SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

      • Definition, recognition and measurement rules of Intangible Assets for financial reporting
      • Concept of Fair Value Measurement
      • Fair Value Methods and Techniques for Intangible Assets
      • Practical example of a monetary brand valuation

      Why is the session of relevance to our members?

      Members attending this session will obtain a good understanding of the different methods to carry our a monetary valuation of intangible assets, specifically brands.

        Target Audience

        • CEOs, Accountants & Auditors
        • Accountants specializing in which area(s) would benefit from joining this session?
        • Auditors, Accountants specializing in valuations and/or accountants exposed to business combinations would benefit from joining this session.

        Speaker's Profile

        Kris Bartolo is a Certified Public Accountant and Registered Auditor who graduated from the University of Malta after completing the Bachelor of Accountancy (Honours) Degree. In 2014, Kris joined Zampa Debattista and was appointed Partner in 2021, leading the financial advisory function. Throughout his work experience, he was exposed to EU funding projects, preparation of business plans, feasibility studies, financial modelling, valuations, cost-benefit analysis, fundraising for the private sector and other financial advisory assignments.

        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.
        • 15 May 2024
        • 22 May 2024
        • 3 sessions
        • Online Webinar
        Register
        Registration Time: 09:00
        Sessions Time: 09:15 - 12:30  including a 15-minute break
        Speakers: Mr Neville Saliba, Mr John Debattista & Mr Tristan Agius
        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

        The theoretical sections of the session aim to equip participants with the required knowledge to exercise the right judgement when determining the necessity to consolidate. The practical component aims to provide attendees with the expertise required for the preparation of consolidated financial statements, aligning with professional standards and requirements.

        SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

        SESSION 1 – Theory:

        This session aims to provide a comprehensive overview of consolidations in financial reporting, addressing:
        • 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):

        This session focuses on consolidation techniques through a series of case studies. Participants will gain practical insights into diverse scenarios, including:
        • Consolidation of a fully-owned subsidiary
        • Consolidation of a subsidiary that is not fully-owned using the share of net assets method.
        • Consolidation of a subsidiary that is not fully-owned using the fair value method.
        • Consolidation of a subsidiary that is also a customer.
        • Consolidation of a subsidiary that is also a supplier.
        •  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 the asset fair values differ from carrying amounts.

        SESSION 3: Practice (Advanced):

        • This session delves into advanced consolidation topics, addressing:
        • Complex group structures
        • Subsidiaries in foreign currencies
        • Impairment issues
        • Deferred tax issues
        • Accounting treatment of step-acquisitions:
                  From no influence to control 
                  From influence to control
                   From control to control
        • Accounting treatment of disposals:
                    F rom control to zero
                    From control to no influence
                    From control to influence
                    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

          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. 
          Tristan Agius has been part of Zampa Debattista's Audit Team since 2018 and currently holds the position of audit manager. Through his work experience, he was exposed to assurance assignments on gaming companies, pension funds, shipping and retail. In addition, Tristan also lectures the ACCA's Audit & Assurance module. 

          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.

                       

        Contact Us

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        E-mail: info@miamalta.org

        Tel. +356 2258 1900

        © MALTA INSTITUTE OF ACCOUNTANTS, 2024