Registration Time: 13:15

Sessions 1, 2 & 3 Time: 13:30 - 16:45 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

GAPSME(General Accounting Principles for Small and Medium-Sized Entities) is the default accounting framework in Malta for accounting periods commencing on or after 1 January 2016. Maltese small and medium sized companies are allowed to use this reporting framework, yet required to comply with IFRSs (International Financial Reporting Standards) should they be recognised as large companies or subject to some exceptions.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

1. A detailed understanding of the general applicability of GAPSME
2. General topics under GAPSME
a. Accounting concepts
b. General presentation
c. Policies, estimates and errors
3. Specific topics under GAPSME:
a. Revenue
b. Property, Plant and Equipment
c. Investment Property
d. Financial Assets, Financial Liabilities and Equity
e. Investments in Subsidiaries, Associates and Joint Ventures
f. Intangible Assets other than Goodwill
g. Impairment of Assets
h. Government Grants
i. Leases
j. Inventories
k. Income Taxes
l. Provisions and Contingencies
m. Foreign Currency Translation
n. Post Balance Sheet Events
o. Related Party Disclosures
p. Discontinued Operations and Assets Held For Sale
a. Revenue
b. Property, Plant and Equipment
c. Investment Property
d. Financial Assets, Financial Liabilities and Equity
e. Investments in Subsidiaries, Associates and Joint Ventures
f. Intangible Assets other than Goodwill
g. Impairment of Assets
h. Government Grants
i. Leases
j. Inventories
k. Income Taxes
l. Provisions and Contingencies
m. Foreign Currency Translation
n. Post Balance Sheet Events
o. Related Party Disclosures
p. Discontinued Operations and Assets Held For Sale

Why is the session of relevance to our members?

The large majority of companies registered in Malta fall below the medium company threshold, meaning that a good portion of clients for accountants and auditors will follow this reporting framework. MIA members are therefore encouraged to attend the sessions to obtain or refresh their understanding of the main concepts that one needs to apply under GAPSME, as well as how these concepts differ from those applied under IFRSs.

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. 

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.