Are you looking for expert insights, timely updates, and valuable resources? Subscribe to our newsletter today!
The event Accounting for IFRSs includes 3 sessions that can be attended either seperately or together.
Session 1: Accounting for leases;
Session 2: Accounting for non-current assets;
Session 3: Calculation of expected credit losses under IFRS9 for non-financial institutions.
Session 1
Start Time: Sept 1, 2021 9:00 AM Malta Time (GMT+1)
End Time: Sept 1, 2021 11:00 AM Malta Time (GMT+1)
Location Details: Online. A Microsoft Teams link will be sent to you following the registration. Kindly sign in at least 5 minutes before the beginning of the class.
Training topics:
- Definition of a lease under IFRS 16 Leases
- Definition of a lease under GAPSME
- Lessee accounting
- Lessor accounting
- Sublease accounting
- Presentation and disclosures in financial statements
- Transition from GAPSME to IFRS
- Re-measurement of lease liability under IFRS 16
- Measurement of the incremental borrowing rate and the interest rate implicit in the lease
Learning objectives:
- Understanding the steps necessary to recognise a lease under IFRS 16 and GAPSME respectively;
- Distinguish between the accounting treatment of a lease, according to the point of view (i.e. lessee, lessor, sub-lessor);
- Understanding the steps required to transition from the recognition of leases in GAPSME to IFRS 16;
- Understanding and applying the methodology one can use to calculate the incremental borrowing rate or the interest rate implicit in the lease.
This event has been accredited with 2 hours of structured CPE qualifying under the Core development competency as per the Accountancy Board Accreditation Rules.
Session 2
Start Time: Sept 15, 2021 9:00 AM Malta Time (GMT+1)
End Time: Sept 15, 2021 11:00 AM Malta Time (GMT+1)
Location Details: Online. A Microsoft Teams link will be sent to you following the registration. Kindly sign in at least 5 minutes before the beginning of the class.
Training topics:
This training session will be analysing the similarities and differences in the IFRS rules of recognition and measurement under the relevant standards for tangible and intangible assets. The IFRS standards which will be
covered during this course are mainly:
– IAS16: Property, Plant and Equipment
– IAS 38: Intangible Assets
– IAS 40: Investment Property
– IAS 36: Impairment of Assets
– IAS 23: Borrowing Costs
The session will also include a number of practical examples encountered by companies when accounting for these
type of assets
Learning Objectives:
Understanding the key definitions, initial recognition considerations, initial and subsequent measurement options of
the assets falling under scope of the IFRS standards mentioned above as well as the various disclosure requirements
set out in IFRS.
This event has been accredited with 2 hours of structured CPE qualifying under the Core development competency as per the Accountancy Board Accreditation Rules.
Session 3
Start Time: Sept 29, 2021 9:00 AM Malta Time (GMT+1)
End Time: Sept 29, 2021 11:00 AM Malta Time (GMT+1)
Location Details: Online. A Microsoft Teams link will be sent to you following the registration. Kindly sign in at least 5 minutes before the beginning of the class.
Training topics:
This session will be analysing the suitable approaches that can be used in calculating the provision of financial assets
within scope of IFRS 9. The topics covered during the session are mainly:
- Financial assets under scope of IFRS 9
- Three-stage model under IFRS 9
- Probability of default, loss-given default, exposure at default
- Calculating ECL for trade receivables – simplified approach
- Calculating ECL for intercompany balances – general approach
The session will also include a number of practical examples encountered by companies when accounting for
expected credit losses under IFRS 9.
Learning Objectives:
- Understanding which assets fall under scope of ECL provisioning under IFRS 9, and key definitions;
- Develop effective methodologies to calculate the ECL provisioning for different assets;
- Distiinguish between the simplified approach and the general approach.
This event has been accredited with 2 hours of structured CPE qualifying under the Core development competency as per the Accountancy Board Accreditation Rules.
Price for events:
| One session | Two sessions (5% discount) |
Three sessions (10% discount) |
Early bird offer - Additional 5% discount | |
| Module 1 | 40.00 | 38.00 | 36.00 | 34.00 |
| Module 2 | 40.00 | 38.00 | 36.00 | 34.00 |
| Module 3 | 40.00 | 38.00 | 36.00 | 34.00 |
Funding can be applied for from Jobsplus for Investment in Skills.
Contact: +356 2093 1810 / advance@mt.gt.com
For registration kindly send us an email on advance@mt.gt.com with your name and surname indicating the session/s you would like to apply for.
Wayne is an Executive at Grant Thornton engaged in the Transaction Advisory Services, a department specialising in corporate finance. He holds a Masters degree in Accountancy from the University of Malta. Wayne assists clients in the preparation of financial statements in accordance with IFRS and other applicable frameworks, and also works on a number of IFRS advisory projects regarding the applicability of accounting standards to various client transactions and restructuring projects.
