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• M25003 - Reducing disclosures for subsidiaries (Online)

  • When
    7 Feb 2025
  •  
    09:30 - 11:30
  • Location
    Online Webinar

  Register

  Registration Time:09:15
  Sessions Time: 09:30- 11:30  No Break
  Speaker: Mr Georges Xuereb
  Venue:   Online Webinar

  
  

  Participation Fees 
  MIA Members: €28

  Non-MIA Members: €50.00

  Retired Members: €15.00

  Students: €20.00

  *Group bookings for 3 or more participants available.

  
  

  BACKGROUND INFORMATION

  A subsidiary that does not have public accountability and has a parent that produces consolidated accounts under IFRS is permitted to apply IFRS 19. IFRS 19 allows eligible subsidiaries to apply IFRS with the reduced disclosure requirements of IFRS 19. A subsidiary may choose to apply the new standard in its consolidated, separate or individual financial statements provided that, at the reporting date (i) it does not have public accountability and (ii) its parent produces consolidated financial statements under IFRS. Eligible subsidiaries can choose to apply the standard for reporting periods beginning on or after 1 January 2027, with earlier application being permitted.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  IFRS 19 — Subsidiaries without Public Accountability: Disclosure

  Why is the session of relevance to our members?

  The session provides the participants with practical considerations on the application of a newly forthcoming standard
  

  Target Audience

  Accountants in practice; Accountants specialising in financial reporting
  

  Speaker's Profile

  Georges Xuereb is a Certified Public Accountant and forms part of the Corporate Accounting Advisory Services team at KPMG Malta, holding the role of a n Associate Director and providing technical IFRS advice and assistance to local and foreign clients operating in various industries. Georges also delivers technical training on IFRS matters internally and to his clients, and lectures the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

  EVeNT CPE COMPETENCies

  2 Core

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

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

  Show details
• M25031 - MIA Conference in collaboration with the FIAU: Maintaining a robust AML ecosystem.

  • When
    13 Feb 2025
  •  
    09:00 - 17:00
  • Location
    Radisson Blu Resort, St. Julians

  Register

  MIA Conference in collaboration with the FIAU: Maintaining a robust AML ecosystem.

  Event Details

  Registration Time: 08:00 - 09:00
  Sessions Time: 09:00 - 17:00
  Venue:  Radisson Blu Resort, St. Julian's

  CPE Competencies: 6.5hrs Core

  Participation Fees
  Member: €150
  Non Member: €190
  Retired: €80
  Student: €90

  
  

  Event organised in collaboration with FIAU.

  
  

  Agenda

  08:00 - 09:00: Registration

  09:00 - 09:20: Welcome Addresses

  Ms Maria Cauchi Delia, MIA CEO

  Mr Mark Bugeja, MIA President

  09:20 - 09:40: Keynote Speech

  09:40 - 09:55: Auditors & Accountants - AML/CFT Supervisory Plan and 2025 REQ

  09:55 - 10:25: Regulators' exepections and the link between AML and other obligations

  10:25 - 10:45: Transaction Monitoring (with a focus on the Implementing Procedures)

  10:45 - 11:00: Transaction Monitoring Q&A

  11:00 - 11:20: Coffee Break

  11:20 - 11:55: Supervisory Checks

  11:55 - 12:20: Lessons learnt and best practices for a successful Moneyval 6th Round Mutual Evaluation Process

  12:20- 12:45: Panel Discussion

  12:45: 13:45: Lunch Break

  13:45 - 14:30: High Level discussion: Ensuring a robust AML Ecosystem between authorities and stakeholders

  14:30 - 15:35: Case Studies

  15:35 - 16:05: MBR Central Platform

  16:05 - 16:50: Best Practices

  16:50 - 17:00: Concluding Remarks

  Ms Arianne Azzopardi - MIA AML Committee Chairperson

  
  

  Disclaimer: Agenda may be subject to change.
  

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• M25011 - Accounting Considerations For Holders Of Cryptographic Assets (Online)

  • When
    18 Feb 2025
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

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

  Malta has established itself as a global hub for blockchain and cryptocurrency innovation, but with this development comes significant accounting challenges for entities holding cryptographic assets.
  This theoretical and practical course is specifically designed for local accountants navigating the complex financial reporting landscape, namely IFRS (International Financial Reporting Standards) and GAPSME (General Accounting Principles For Small And Medium Entities), to correctly and accurately account for activities relating to cryptographic asset holdings.
  This course will not cover the tax treatment of cryptographic assets.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  The first part of the session will be theoretical:
  1. We will be visiting existing guidance in relation to the classification considerations that need to be applied by entities holding cryptographic assets.
  2. We will tackle the accounting considerations that follow the correct classification, under both IFRS and GAPSME. In the case of GAPSME, special attention will be dedicated to an amendment as per 2024 legal notice that affects holders of cryptographic assets.

  The second part of the session will be practical. We’ll be addressing the many challenges that local accounting practitioners are facing when accounting for transactions entered by holders of cryptographic assets. Specifically, a thought process covering the following is required:

  1. The importance of having all foundational elements in place, including the application of the correct accounting framework, the identification of the correct functional currency and the availability of all necessary information related to cryptographic assets held.

  2. The distinction, at the outset, between stable coins and other cryptographic assets.
  3. A comprehensive list of possible journal entries for inflows of cryptographic assets.
  4. A comprehensive list of possible journal entries for outflows of cryptographic assets.
  5. A detailed overview of typical period-end accounting entries.
  6. Any other practical considerations.

  Why is the session of relevance to our members?

  After the session, MIA members will be in a better position to ascertain that they’re properly accounting for transactions involving the holding of cryptographic assets.
  Non-members, such as accountancy students as well as owners or managers of entities holding cryptographic assets, should gain a useful understanding of how cryptographic assets are reflected in financial reports, insofar as they have a basic knowledge of accounting.

  Target Audience

  Accountants that are preparing financial reports including investments or other activities in cryptographic assets.
  Auditors that are auditing accounts including investments or other activities in cryptographic assets.
  Accountancy students in general.

  Speaker's Profile

  Paul Zammit is a Certified Public Accountant and financial reporting specialist at NM Group, with over 15 years of experience. Since 2017, Paul has focused on financial reporting standards, particularly IFRS and GAPSME, playing a key role in engagements such as accounting advisory services and reviews of IFRS- and GAPSME-compliant financial statements.
  In addition to his professional work, Paul has been lecturing on financial reporting since 2018, delivering courses to both students preparing for their ACCA or ACA exams and accounting professionals at CPE-accredited events. He has also contributed to several specialized IFRS projects during this time.
  At NM Group, Paul advises clients on complex accounting transactions, oversees financial reporting obligations for multiple companies, and manages the firm's learning and development initiatives, specifically in financial reporting. Since 2022, he has been a member of the Malta Institute of Accountants’ Financial Reporting Committee, where he was involved in the 2024 amendments to GAPSME.

  EVeNT CPE COMPETENCies

  
  

  3  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

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

  Show details
• M25023 - Understanding Supplier Finance Arrangements under IFRS 7 and IAS 7 and Financial Reporting Requirements under IFRS 18 (Online)

  • When
    25 Feb 2025
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00
  Sessions Time: 09:15 - 12:30  including a 15-minute break
  Speakers: Ms Oriana Abela & Mrs Lara Borg
  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

  This training session aims to provide an update on the recent changes in IFRSs particularly the amendments to IFRS 7, IAS 7 and IFRS 18.
  There are significant amendments to IFRS 7 and IAS 7. These address financial instruments disclosures which are effective for annual reporting periods beginning on or after 1st January 2026. These amendments aim to enhance transparency regarding the classification and measurement of financial instruments, particularly those with environmental, social, and governance (ESG)-linked features. Similarly, updates to IAS 7, which pertains to the statement of cash flows will also take effect from 1 January 2026. These changes focus on improving the clarity of cash flow reporting, especially in relation to supplier finance arrangements.
  Additionally, IFRS 18, a new standard that replaces IAS 1, Presentation of Financial Statements, was issued on 9th April 2024 and will be effective for annual reporting periods starting on or after 1st January 2027. IFRS 18 introduces substantial changes to presentation and disclosure requirements in financial statements, enhancing the overall clarity of financial performance reporting.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  1.Introduction
  ·Overview of the session objectives
  2.IFRS 7: Financial Instruments: Disclosures
  ·Summary of recent amendments
                                                   i.     Key changes related to classification and measurement of                                                                       financial instruments                                               

                                                               ii.     Implications for disclosures regarding ESG-linked financial assets
  ·Discussion on enhanced transparency requirements
  ·Impact on financial statement users and preparers
  ·Examples
  3.IAS 7: Statement of Cash Flows
  ·Overview of amendments to IAS 7
                                                      i.     Changes in cash flow reporting requirements
                                                     ii.     Clarifications on supplier finance arrangements
  ·Importance of cash flow statements in assessing liquidity and solvency
  ·Transition requirements and retrospective application
  ·Examples
  4.Supplier Finance Arrangements
  ·Definition and overview of supplier finance arrangements (supply chain finance)
  ·Structure and mechanics of how these arrangements work
                                                      i.     Role of the financial intermediary
                                                     ii.     Process from invoice issuance to payment
  ·Benefits for suppliers and buyers
                                                      i.     Improved cash flow for suppliers
                                                     ii.     Extended payment terms for buyers
  ·Disclosure requirements under IFRS 7 and IAS 7
                                                      i.     Information entities must provide about these arrangements
  ·Accounting considerations and potential risks associated with supplier finance arrangements
  5.IFRS 18: Presentation and Disclosure in Financial Statements
  ·Introduction to IFRS 18 and its objectives
                                                      i.     Replacement of IAS 1 with a focus on improving comparability and transparency
  ·Key features of IFRS 18
                                                      i.     Defined structure for the statement of profit or loss
  1.Categories: operating, investing, financing, income taxes, and discontinued operations
  2.Required subtotals: operating profit or loss, profit or loss before financing and income taxes
                                                     ii.     Enhanced guidance on aggregation and disaggregation principles
  ·Management-defined Performance Measures (MPMs)
                                                      i.     Definition and importance in financial reporting
                                                     ii.     Disclosure requirements for MPMs to enhance transparency
  ·Examples
  6.Impact on Financial Statements
  ·How these changes affect the presentation of primary financial statements?
  ·Comparative information requirements under IFRS 18
  ·Discussion on operational changes needed for compliance
  7.Transition and Implementation Considerations
  ·Effective dates for IFRS updates (IAS 7 and IFRS 7 effective from January 2026; IFRS 18 effective from January 2027)
  ·Strategies for entities to prepare for the transition
  ·Challenges anticipated during implementation
  8.Q&A Session
  ·Questions from participants
  ·Discussion of specific concerns or scenarios related to the new standards
  9.Conclusion

  Why is the session of relevance to our members?

  The members and non-members of the Malta Institute of Accountants (MIA) play a leading role in businesses across Malta and are key players in the financial market, as they navigate the complexities of financial reporting and investment decisions, it is crucial to stay informed about the latest developments in accounting standards.
  This is important because the standards are constantly evolving in response to changing economic conditions, technological advancements, and global market dynamics, which means that professionals must keep up to date in order to ensure compliance and maintain accurate financial reporting. Furthermore, by understanding the most recent amendments, accountants can provide reliable and trustworthy financial data to stakeholders, thereby upholding legal and ethical standards whilst fostering long-term sustainability and trust. Additionally, being knowledgeable about current regulations helps identify gaps or non-compliance in financial reporting and internal controls, allowing for timely rectifications. Moreover, this awareness not only enhances the effectiveness of audits but also equips professionals to offer valuable insights and recommendations to management and clients, ultimately contributing to better decision making and risk management. Furthermore, as accounting standards become more essential for navigating these changes effectively.
  Overall, staying updated on accounting standards is vital for ensuring financial integrity, promoting transparency, and maintaining a competitive edge in the industry.

  Target Audience

  This course is specifically targeted to accounting professionals and students, especially those who are pursuing or intend to pursue a career in audit or financial reporting.
  

  Speakers's Profiles

  Oriana is a Partner at Grant Thornton engaged in the Transaction Advisory Services (TAS), a department specialising in corporate finance. She holds an honours degree in Accountancy from the University of Malta and is also ACCA qualified. In 2013, Oriana graduated from the University of Wales with a distinction obtaining a Master in Finance, specialising in Mergers and Acquisitions.
  Oriana specialises in the capital markets division, whereby she assists clients with the raising of debt (traditional and green) and equity finance through the local capital market. She has listed clients on the main market, Prospects MTF as well as the Institutional Financial Securities Market. Oriana also heads the local and cross-border vendor and buy-side due diligence assignments for clients operating in various sectors such as retail, manufacturing, banking, aviation, pharmaceutical and real estate. She has an accumulated wealth of experience assisting both local and international clients operating across various industries through the delivery of valuations, mergers and acquisitions, due diligences, business plans, restructuring, financial projections and pension provision.
  Prior to joining Grant Thornton in 2015, Oriana worked at two leading Big 4 companies in Malta, whereby she was involved in a variety of corporate finance engagements, servicing clients mainly in the real estate, telecommunications, utility, retail, gaming, insurance and beverage industry, both in the private and public sector in relation to a number of different assignments including but not limited to buy-side and vendor cross-border due diligence assignments, purchase price allocation assignments, raising of finance on the stock market, feasibility studies/financial projections, debt restructuring, strategic review, valuations of business and equity share capital, impairment review of investment properties and review of the pension provision and assistance with any necessary settlement offers.

  Esmeralda is an assistant manager at Grant Thornton engaged in the Transactions Advisory Services. She is ACCA certified and also completed the Advanced Valuation Certificate Course from New York University, Leonard N.Stern School of Business taught by Professor Aswath Damodaran, obtaining a High Honours. Esmeralda specializes in valuations, financial planning and analysis, financial due diligences and financial modelling and has, over her eight year career with Grant Thornton been involved in a number of projects across various industries.
  Furthermore, she was also involved in financial and economic consultancy services for various local and foreign clients, and was also seconded to a leading bank in Malta for two and a half years, where she occupied the position of a financial analyst within the corporate team. Her duties included preparation of financial analysis of corporate customers, analysing new projects and assisting relationship mangers in assessing the feasibility and valuations of highly leveraged projects. Esmeralda is also an affiliate member of the Malta Institute of Accountants.

  Lara, a University of Malta graduate, joined Grant Thornton back in July 2016 on a part time basis, through the University internship program. In partial fulfilment of the requirements of the Masters in Accounts, Lara submitted a dissertation entitled: ‘The management of family wealth across generations in Malta’, which was awarded the best dissertation in an area related to financial management. She also completed with Honours an Advanced Valuation Certificate Course from New York University, Leonard N.Stern School of Business taught by Professor Aswath Damodaran.
  Ensuing her graduation, Lara joined the Financial Advisory Team on a full-time basis in July 2021. Her focus is predominantly on finance and tax due diligences, valuations, bank loan applications, credit file reviews, information memorandums, debt restructuring and financial modelling. Her industry experience includes real estate, elderly care home operations, consumer retail, hospitality and leisure, and non-profit organizations, among others.

  EVeNT CPE COMPETENCies

  
  

  3  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

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

  Show details
• M25002 - Business Consolidations -The Applicable Suite of Standards (Online)

  • When
    21 Mar 2025
  •  
    09:30 - 11:30
  • Location
    Online Webinar

  Register

  Registration Time:09:15
  Sessions Time: 09:30- 11:30  No Break
  Speaker: Mr Georges Xuereb
  Venue:   Online Webinar

  
  

  Participation Fees 
  MIA Members: €28

  Non-MIA Members: €50.00

  Retired Members: €15.00

  Students: €20.00

  *Group bookings for 3 or more participants available.

  
  

  BACKGROUND INFORMATION

  On the date of acquisition of a business, IFRS 3 kicks in with the application of the acquisition method. This is a process which involves the determination of the date of acquisition, identification and measurement of the consideration transferred and the identifiable assets and liabilities assumed at fair value, the measurement of non-controlling interests, and recognition of any resulting goodwill or a gain on bargain purchase. Subsequent to this date, businesses are consolidated in terms of IFRS 10, where the ‘control’ model is applied for all investees in considering which entities are “subsidiaries” and thus consolidated in a parent’s consolidated financial statements. IFRS 13's fair value principles, and considerations of associates and joint ventures in terms of IAS 28 and IFRS 11 as they relate to the consolidated and separate financial statements shall also be explored in this session.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • IFRS 3 Business Combinations

  • IFRS 10 Consolidated Financial Statements

  • IFRS 13 Fair Value Measurement, IAS 27 Separate Financial Statements

  • IFRS 11 Joint Arrangements

  • IAS 28 Investments in associates and joint ventures

  Why is the session of relevance to our members?

  The session provides the participants with an overview of the IFRS standards relating to the acquisition of business, business combination accounting and consolidation requirements
  

  Target Audience

  Accountants in practice; Accountants specialising in financial reporting
  

  Speakers' Profiles

  Georges Xuereb is a Certified Public Accountant and forms part of the Corporate Accounting Advisory Services team at KPMG Malta, holding the role of a n Associate Director and providing technical IFRS advice and assistance to local and foreign clients operating in various industries. Georges also delivers technical training on IFRS matters internally and to his clients, and lectures the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

  EVeNT CPE COMPETENCies

  2 Core

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

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

  Show details