Registration Time: 13:15
Sessions Time: 13:30 - 16:45  including a 15-minute break
Speaker: Mr Kevin Vassallo
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

In May 2024, the International Accounting Standards Board (IASB) issued ‘Amendments to the Classification and Measurement of Financial Instruments’. This pronouncement came in response to feedback received as part of the post-implementation review of the classification and measurement requirements in IFRS 9 Financial Instruments and related requirements in IFRS 7 Financial Instruments: Disclosures.
The IASB amended the requirements related to the settling of financial liabilities using an electronic payment system and assessing contractual cash flow characteristics of financial assets, including those with environmental, social and governance (ESG)-linked features. The amendments are effective for annual reporting periods beginning on or after 1 January 2026. Earlier application of either all the amendments at the same time or only the amendments to the classification of financial assets is permitted. In addition, entities are required to apply the amendments retrospectively but are not required to restate prior periods to reflect the application of the amendments. Entities may however opt to re-state if, and only if, it is possible to do so without the use of hindsight.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

The seminar will discuss Derecognition of financial liabilities settled through electronic transfer; classification of financial assets - in particular contractual terms that are consistent with a basic lending arrangement, assets with non-recourse features and contractually linked instruments; Disclosures for Investments in equity instruments designated at fair value through other comprehensive income and Contractual terms that could change the timing or amount of contractual cash flows.

Why is the session of relevance to our members?

 Members will benefit from the seminar’s content and will find it applicable in the course of their duties when navigating the complexities associated with classification, measurement, and disclosure of financial instruments. Other fellow professionals will also benefit from the seminar’s content which will assist them in obtaining a better understanding of the impact of financial instruments on the financial statements of entities. 

Target Audience

Practitioner members in the banking and insurance industry, analysts and members of other professions.

Speakers' Profiles

Kevin Vassallo 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

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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.