M26038 – Accounting for government grants (Online)

Registration Time: 13:15
Session 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

Government grants are a common feature in the Maltese business environment, particularly for SMEs in manufacturing, services, tourism and other supported sectors. The accounting treatment requires careful judgment. Under IFRS, government grants are addressed by IAS 20, while GAPSME includes its own largely aligned requirements. This session provides a structured, practical understanding of how government grants should be accounted for under both frameworks.

Topics Covered

– Definition and scope of government grants and government assistance
– Accounting for grants related to income
– Accounting for grants related to assets
– Presentation in the statement of financial position and profit or loss
– Disclosure requirements under both frameworks
– Key differences between IFRS and GAPSME
– Common practical issues and pitfalls

Target Audience: Practicing accountants, auditors, finance professionals, and accounting students.

Speaker: Paul Zammit, CPA specialising in IFRS and GAPSME, member of the MIA Financial Reporting Committee.

CPE Competencies: 3 Core

Register: https://members.miamalta.org/event-6554598/Registration
Event page: https://members.miamalta.org/event-6554598