GAPSME Foundation - 2 Session Course

FinanceMalta

April 21, 2020

GAPSME Foundation - 2 Session Course

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 6-hour seminar, split over two days, aims to provide attendees with a sound foundational 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, including awareness of the differences between IFRS and GAPSME, when presenting financial information to users.TOPICS ON THE AGENDA1. A detailed understanding of the general applicability of GAPSME2. Compare and contrast exercise between IFRS and GAPSME3. Adoption of GAPSME – a Case Study

Why Attend?

Accounting professionals
Students who are pursuing or intend to pursue a career in audit or financial reporting.

Agenda Highlights:

13:15 - Registration
13:30 - 16:45 - Sessions time including a 15 minute coffee 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.