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?

3 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.