GAPSME Advanced - 4 Session Course

FinanceMalta

May 7, 2020

GAPSME Advanced - 4 Session Course

Dates:7th May, 202014th May, 202021st May, 202028th May, 2020

Overview

BACKGROUND INFORMATIONLocal small and medium-sized companies are allowed to apply simplified accounting regulations (General Accounting Principles for Small and Medium-Sized Entities, commonly referred to as GAPSME), rather than International Financial Reporting Standards (IFRS), for accounting periods commencing on or after 1 January 2016.OBJECTIVESThis 12-hour seminar, split over four sessions, aims to provide attendees with a comprehensive, ‘big picture’, understanding of the applicability and application of General Accounting Principles for Small and Medium-Sized Entities (GAPSME) at both financial accounting and financial reporting levels. All sections included in the legislation, with the exception of consolidation techniques, will be covered. Any relevant differences between IFRS and GAPSME shall also be pointed out as we cruise through the different topics. Numerous practical examples are expected to support the attendees’ understanding.TOPICS ON THE AGENDA1. A detailed understanding of the general applicability of GAPSME2. General topics under GAPSME:a. Accounting conceptsb. General presentationc. Policies, estimates and errors3. Specific topics under GAPSME:a. Revenueb. Property, Plant and Equipmentc. Investment Propertyd. Financial Assets, Financial Liabilities and Equitye. Investments in Subsidiaries, Associates and Joint Venturesf. Intangible Assets other than Goodwillg. Impairment of Assetsh. Government Grantsi. Leasesj. Inventoriesk. Income Taxesl. Provisions and Contingenciesm. Foreign Currency Translationn. Post Balance Sheet Eventso. Related Party Disclosuresp. Discontinued Operations and Assets Held For Sale

Why Attend?

The training 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.

Agenda Highlights:

13:15 - Registration time.
13:30 - 16:45 - Session time including a 15-minute break.

Confirmed Speakers

John Debattista - John Debattista is a Certified Public Accountant and Registered Auditor. John is one of the founding partners at Zampa Debattista and heads the Audit and Assurance function and the firm’s IFRS Advisory Technical team. John lectures the Corporate modules at the final stages of the ACCA and ACA course for the ICAEW, Institute Chartered of Accountants for England and Wales. John is also a speaker in various audit and accounting seminars delivered by a number of institutes in Malta. He also lectures the Diploma in IFRS (DipIFR). John sits on a number of MIA committees namely, the audit, financial reporting and SMP committees.
Paul Zammit - Paul Zammit joined Zampa Debattista in January 2017. Paul graduated from the University of Malta after completing the Bachelor of Accountancy (Honours) Degree in 2008. Paul commenced his career in audit and switched to accountancy in 2012. He spent most of his time in accountancy managing a portfolio of international clientele, before joining Zampa Debattista’s accounts department in 2017. After a few months, Paul decided to accept the internal opportunity to specialise in technical matters and increase his proficiency in reporting standards. Paul is currently involved in technical accounting and advisory assignments, whilst training and assisting internal staff and external people on IFRS technical matters.