Upcoming events

Switch to Calendar View

• M24019 - Consolidation Masterclass - A Nine Hour Package (Online)

  • Start
    15 May 2024
  •  
  • End
    22 May 2024
  •  
  • Schedule
    3 sessions
  • Location
    Online Webinar

  Registration is closed

  Registration Time: 09:00
  Sessions Time: 09:15 - 12:30  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

  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. 

  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
• M24055 - Deferred Taxation: The accrual that need not be feared (Online)

  • When
    13 Jun 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 David Leone Ganado

  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

  Items of income and expenditure must be recognised in profit or loss on an accruals basis, and income tax is no different. However, 'current tax' is computed on an entity's taxable income, rather than its accounting profit or loss; this is where 'deferred tax' comes in. Deferred tax is, in its simplest form, the application of the accruals concept to income taxes that are payable or recoverable in future periods.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • The income tax components: current and deferred tax
  • Temporary differences and their implications on deferred tax
  • Measurement of deferred tax on temporary differences
  • Tax losses and credits carried forward
  • Deferred tax implications arising from business combinations

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  Temporary differences, and consequently deferred tax implications, could arise in many scenarios.  Irrespective of whether an accountant is a preparer, an auditor, or simply needs to communicate deferred tax balances to an entity's stakeholders, navigating the grey in this seminar should equip participants to carry out their function more effectively.

  TARGET AUDIENCE

  This seminar is intended for accounting professionals.

  Speaker's Profile

  David Leone Ganado spent over 20 years at a Big 4 firm, initially carrying out external audits before spending 12 years specialising in, and providing advice on, technical accounting matters under IFRS and local GAAP. He sits on the MIA's Financial Reporting Committee, has contributed significantly to the MIA's development of GAPSME as well as its guidance note on the accounting implications arising from the Consolidated Group (Income Tax) Rules, and has more than 17 years of experience in delivering seminars on financial accounting. He is a fellow of the MIA and ACCA, holds a CPA warrant, and is the founder of Accounting Advice by David Leone Ganado.

  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
• M24036 - IAS 38 Intangible Assets (Online)

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

  Register

  Registration Time: 09:00

  Sessions Time: 09:15 - 12:30 (with a 15 min break)
  Speaker: Mr Kevin Vassallo
  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

  IAS 38 Intangible Assets outlines the accounting requirements for intangible assets, which are defined as non-monetary assets without physical substance but which are identifiable, being either separable or alternatively arising from contractual or other legal rights. Intangible assets meeting the relevant recognition criteria are measured initially at cost and subsequently either at cost less accumulated amortisation and impairment losses (if any) or else using the revaluation model. The revaluation model however may only be adopted if fair value can be determined by reference to an active market. Such active markets are expected to be uncommon for intangible assets but examples where these exist may include production quotas, fishing licences taxi licences.
  Amortisation is calculated on a systematic basis over the useful life of the asset (unless an asset has an indefinite useful life such as purchased goodwill in a business combination, in which case amortisation does not apply).
  IAS 38 was revised in March 2004 and applies to intangible assets acquired in business combinations occurring on or after 31 March 2004, or otherwise to other intangible assets for annual periods beginning on or after 31 March 2004. Subsequent developments occurred in 2008/9 as part of the improvements project to IFRSs, in 2013 as a result of annual improvements  and finally in 2014 by way of clarification of acceptable methods of depreciation and amortisation.

  Specific topics to be covered during the sessioN

  • Objective and scope of the standard

  • Key definitions

  •  Recognition

  • Initial measurement

  • Measurement subsequent to acquisition

  • Classification based on useful life

  • Subsequent expenditure

  • Disclosure requirements

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  Members and non-members as well as advanced accounting students will find the contents of this seminar useful within the context of their development and understanding of the complexity of intangible assets. The seminar will assist them in obtaining a better insight of the measurement and recognition criteria together with the disclosure requirements necessary for a user’s proper understanding of intangible assets and the impact that these resources may have on an entity’s present position and likely future performance.

  Target Audience

  This seminar is intended for accounting professionals and student accountants who practice in industry as well as those pursuing a career in auditing.

  SPEAKER'S PROFILE

  Kevin 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
• M24044 - PPE And Investment Property Under GAPSME (Online)

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

  Register

  Registration Time: 09:00

  Sessions Time: 09:15 - 12:30 (with a 15 min 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

  Entities may own material tangible assets that they expect to use for more than one period. Such tangible assets could be held for a variety of purposes, such as for operations, for administration, for rental to others or for capital appreciation.
  Such tangible assets may meet the definition of PPE (Property, Plant and Equipment) or investment property.
  This session will cover the accounting considerations, and treatment for PPE and investment property, under both GAPSME and IFRS.
  During the session, we’ll also cover several challenging areas that may be encountered by accounting professionals in practice.

  Specific topics to be covered during the sessioN

  • In the session’s introduction, we’ll cover the meaning of PPE and investment property, the fact that classification is driven by purpose and the reason why we capitalise.

  • Part two of the session will be dedicated to PPE. We’ll cover the general accounting principles to be applied for PPE under both IFRS and GAPSME, from the moment that PPE is initially recognised up to the point of eventual derecognition of the asset.

  • The third part of the session, related to investment property, will be similar in some ways to the previous one, but will also include some special considerations, such as the differences between IFRS and GAPSME treatment for investment property, the situations where the classification as PPE or investment property is not that clear, and the correct accounting treatment when there is evidence of a change in purpose.

  • In part four of the session, we’ll delve into some of the complexities faced by professionals in relation to PPE and investment property in practice.

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  Members should attend both if they encounter challenges when accounting for PPE and investment property, and also if they would like a general refresher about the topic.

  Non-members should attend if they are studying accounting or if they are users of financial statements that want to understand better the meaning of disclosures relating to PPE and investment property.

  
  

  Target Audience

  This session is mainly targeted towards accounting professionals, but it will be also of great value to 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.

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

  • When
    27 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