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

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):

          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?

Target Audience

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

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Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.