Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
K eeping abreast of changes in International Financial Reporting Standards (IFRS) is a constant journey as the International Accounting Standards Board (IASB) issues new standards and exposure drafts that will eventually
be part of the IFRS suite of pronouncements. IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements are perhaps two of the more important and far-reaching standards that are becoming effective for adopters of IFRSs as adopted by the EU in 2014. IFRS 10 establishes principles for the preparation and presentation of consolidated financial statements when a reporting entity controls one or more investees. The standard provides a single consolidation model that applies to all types of entities. The standard was published to deal with divergence in practice when applying IAS 27 Consolidated and Separate Financial Statements and SIC-12 Consolidation—Special Purpose Entities. IFRS 11 on the other hand deals with joint arrangements. The accounting for interests in joint ventures and alliances when they are governed through joint control was formerly covered by IAS 31 Interests in Joint Ventures. The accounting in that standard was driven by the structure of the arrangements and, when those were structured in an entity, IAS 31 allowed preparers to have an accounting option – equity method or proportionate consolidation. IFRS 11 establishes a principle-based approach for the accounting for joint arrangements, in which the parties recognise their rights and obligations arising from the arrangements Commission Regulation (EU) No 1254/2012 of 11 December 2012 requires those standards to be adopted for financial reporting periods beginning on or after 1 January 2014.
To refresh participant’s knowledge of the above-mentioned standards
To discuss the application of those standards in some of the more intricate scenarios
This session will focus on IFRS 10 and IFRS 11 and will use a number of case studies to illustrate the application of those standards in different scenarios.
This session is particularly relevant for group accountants and members in public practice.
Jonathan Dingli is an Associate Director within KPMG’s Accounting Advisory Services Unit. He has been involved in providing technical advice on various IFRS matters. He also assisted clients in the preparation of consolidated financial statements for groups of different sizes and complexities, and in delivering training sessions on specific IFRS matters. Prior to returning to KPMG, Jonathan led the Malta Institute of Accountants’ Technical Department for seven years. He lectured for the ACCA Advanced IFRS Paper for BPP in Malta and internationally between 2008 and 2012, and is today an Assistant Lecturer in Financial Reporting with the Department of Accountancy in the Faculty of Economics, Management and Accountancy at the University of Malta.
MIA Members: €32.50 Retired MIA Members: €10.00 Non-MIA Members: €65.00 Students: €16.25 The fee covers: 3 hours of structured CPE, coffee and the presentation in hard copy format.
After the event participants can download a soft copy of the presentation from the Institute’s website by: Logging into the system using the username and password Proceed to the ‘My Purchases’ tab and click on the event title Downloading the presentation from the Secure Files Section at the bottom of the page
A certificate of attendance will be issued at the end of the session. This is for your own CPE records.
To ensure that your event materials and catering requirements are able to be provided at the event, please register by noon one working day prior to the event. Individual bookings: Place your booking and pay online through the MIA website. Group bookings & Retired Members: Fill in the registration form (below) and send it by post along with payment. The booking will be processed and confirmed once payment is received. If you believe that the cheque will not reach the Institute by the closing date, then you are kindly requested to send the application form by e-mail together with a scanned copy of the cheque and present the respective cheque during the event.
Participants may use the parking facilities available at Level -5.
Cancellations taking place within 48 hours prior to the event, will incur a cancellation fee of 50% unless a name of a replacement delegate is provided. When the cancellation takes place due to health reasons, the Institute will be able to issue a credit note for the full amount given that the participant notifies the Institute by 8.00 of the course date. No refunds in case of no-shows. Payment in full will still be due.
Ms. Sarah Bonello & Ms. Kirsten Micallef The Malta Institute of Accountants, Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar Tel: 2258 1900, E-mail: [email protected], Website: www.miamalta.org
Annual Requirements: Minimum of 20 hours Structured, 5 hours Unstructured 3-year Rolling Period: Minimum 75 hours Structured of which 30 must be Core, 45 hours Unstructured
Duly filled in form should be submitted along with payment by not later than the date indicated above. Cheques should be made payable to The Malta Institute of Accountants and posted to The Malta Institute of Accountants, Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013.
BOOKING DETAILS
Surname: Name:
ID Card Number: Tick & refer to Participation Fees below: M RM NM S
Mobile Number & Telephone Number:
Email Address:
Surname: Name:
ID Card Number: Tick & refer to Participation Fees below: M RM NM S
Mobile Number & Telephone Number:
Email Address:
Surname: Name:
ID Card Number: Tick & refer to Participation Fees below: M RM NM S
Mobile Number & Telephone Number:
Email Address:
Surname: Name:
ID Card Number: Tick & refer to Participation Fees below: M RM NM S
Mobile Number & Telephone Number:
Email Address:
Surname: Name:
ID Card Number: Tick & refer to Participation Fees below: M RM NM S
Mobile Number & Telephone Number:
Email Address:
REGISTRATION FEES
Participant – MIA Member (M): €32.50 Participant – Non-Member (NM): €65.00
Participant – Retired MIA Member (RM): €10.00 Participant – Student (S): €16.25
PAYMENT DETAILS
I hereby enclose Cheque No. amounting to €
Signature Date
Related Documents
