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IFRS Workshops 2021

Training, workshops and CPE sessions

Register for this series of IFRS and tax training modules, delivered as workshops and seminars focussing on the nuts and bolts of interpretation, implementation and compliance.

Introduction

Deloitte has developed high quality IFRS and Tax workshops that are aimed to suit the different IFRS and taxation knowledge base required by professionals in industry. Training is delivered by a Deloitte subject matter expert with practical experience in the relevant areas. Workshops aim to provide a general overview of the aforementioned accounting standards and tax directives together with insights of practical implementation considerations experienced through various implementation engagements undertaken with different clients both locally and abroad. Any comments are made on a no name basis.

Being targeted personalised sessions, incorporated examples as well as key focus areas will be geared towards the industry in which the entity operates as much as practical to ensure the maximum benefit for the attendee. Generic sessions are also available for individuals who will want to attend on a personal basis.

Who should attend?

  • Board members
  • Chief Financial Officers
  • Financial Controllers
  • Staff requiring personalised IFRS training
     

CPE

A certificate of attendance will be issued for each attendee at the end of each session and CPE can be applied for all training hours if required.

Types of sessions

Group training for large entities

  • Choose a number of sessions and schedule at the convenience of the business.
  • Sessions can be online or in person subject to adherence to COVID-19 restrictions.
  • Training for entities will include preparation of material relevant to the entity, delivery of the sessions and sharing of material used during the session to attendees.
  • These sessions are ideal for entities having eight or more members willing to attend.

Individuals

  • Sessions are also available for finance teams who are smaller in size as well as individuals who would be interested.
  • Choose a number of sessions based on availability of scheduled sessions which will be run both online and in person.

Apply as a large entity

For large entities who wish to provide their teams with sessions scheduled at the convenience of the business, please click here.

Register your interest

Modules

Select a module below to expand for more info.

 
Key learning outcomes

Obtain an overview of the main concepts behind Classification, Measurement and Impairment under IFRS 9. Gain a good understanding of the business model and cash flow tests. Get a closer look at what Expected Credit Loss model entails, the expected impact of COVID-19 and the reporting requirements of the standard.

IFRS 9 - Financial Instruments

IFRS 9 Financial Instruments includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting.

The Standard was issued on 24 July 2014 is the IASB's replacement of IAS 39 Financial Instruments: Recognition and Measurement. Learn more...

Module: IFRS 9

Please register your interest for the next available session.

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Key learning outcomes

Gain knowledge of the broad scope of the standard as well as a deep understanding of the five steps revenue recognition model and the concept of contract costs. Get an overview of the implications of rebates and options to acquire additional goods and services and the practical implications of COVID-19.

IFRS 15 – Revenue from Contracts with Customers

IFRS 15 specifies how and when an IFRS reporter will recognise revenue as well as requiring such entities to provide users of financial statements with more informative, relevant disclosures. The standard provides a single, principles based five-step model to be applied to all contracts with customers.

IFRS 15 was issued in May 2014 and applies to an annual reporting period beginning on or after 1 January 2018. On 12 April 2016, clarifying amendments were issued that have the same effective date as the standard itself. Learn more...

Module: IFRS 15

Please register your interest for the next available session.

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Key learning outcomes:

Gain an understanding of the scope of the standard, key principles of lessee and lessor accounting, areas of potential judgement as well as new reporting requirements. Obtain knowledge of the process of determining the incremental borrowing rate or discount rate and discuss the potential impact of COVID-19 focusing on the effect on ROU Assets and Lease Liabilities.

About IFRS 16 - Leases

IFRS 16 specifies how an IFRS reporter will recognise, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognise assets and liabilities for all leases unless the lease term is 12 months or less or the underlying asset has a low value. Lessors continue to classify leases as operating or finance, with IFRS 16’s approach to lessor accounting substantially unchanged from its predecessor, IAS 17.

IFRS 16 was issued in January 2016 and applies to annual reporting periods beginning on or after 1 January 2019. Learn more...

Module: IFRS 16

Please register your interest for the next available session.

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Key learning outcomes

Participants will obtain an overview of the underlying concepts, scope and scope exceptions of the standard. Gain knowledge of which transactions are to be treated as a business combination and how to account for such transactions under the acquisition method. Also, get a closer look at how goodwill, non-controlling interest, contingent consideration, step acquisition and intangible assets are treated under IFRS 3.

IFRS 3 – Business Combinations

IFRS 3 Business Combinations outlines the accounting when an acquirer obtains control of a business (e.g. an acquisition or merger). Such business combinations are accounted for using the 'acquisition method', which generally requires assets acquired and liabilities assumed to be measured at their fair values at the acquisition date.

A revised version of IFRS 3 was issued in January 2008 and applies to business combinations occurring in an entity's first annual period beginning on or after 1 July 2009.. Learn more...

Module: IFRS 3

Please register your interest for the next available session.

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Due to the amount of content being covered, this topic will be delivered through a choice of two extended sessions of 3 hours each, with the follwing themes:

Session 1:

  • Objective & Purpose and Date of entry into force and effect; and
  • The interest deduction limitation rule and exit taxation rule.

Session 2:

  • Anti Hybrid legislation and controlled foreign company rule.
 
Key learning outcomes

Participants will gain a comprehensive understanding of the provisions of the directive and get a closer look at the practical elements of each rule.

Anti-Tax Avoidance Directive

The Anti-T ax Avoidance Directive II, as transposed into Maltese legislation by means of Legal Notice 348 of 2019 (‘ATAD II Implementation Regulations’), establishes rules that seek to neutralise hybrid mismatches, in an effort to improve the resilience of the EU’s internal market as a whole by setting a minimum level of protection against mismatch outcomes. Learn more...

Module: ATAD

Session 1: Objective & Purpose and Date of entry into force and effect; and the interest deduction limitation rule and exit taxation rule.

Date: 23 November 2021

Time: 09:00 - 12:00 CET

Session 2: Anti Hybrid legislation and controlled foreign company rule.

Date: 30 November 2021

Time: 09:00 - 12:00 CET

Price: €75.00 (per person per session)

Register your interest
 
Key learning outcomes

Session will provide an overview of the standard in terms of measurement of fair value, different valuations techniques used in practice for different scenarios, and a detailed dive in terms of disclosures required including the fair value hierarchy.

IFRS 13 – Fair Value Measurement and Disclosure

IFRS 13 Fair Value Measurement applies to IFRSs that require or permit fair value measurements or disclosures and provides a single IFRS framework for measuring fair value and requires disclosures about fair value measurement. The Standard defines fair value on the basis of an 'exit price' notion and uses a 'fair value hierarchy', which results in a market-based, rather than entity-specific, measurement.

IFRS 13 was originally issued in May 2011 and applies to annual periods beginning on or after 1 January 2013. Learn more...

Module: IFRS 13

Date: 25 November 2021

Time: 09:00 - 11:00 CET

Price: €75.00 (per person)

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Key learning outcomes

Participants will obtain an overview of the standard, key definitions within the standard, practical guidance on the preparation of impairment models in practice and sourcing of key inputs within such impairments, determination of cash generating units and goodwill considerations.

IAS 36 – Impairment of Assets

IAS 36 Impairment of Assets seeks to ensure that an entity's assets are not carried at more than their recoverable amount (i.e. the higher of fair value less costs of disposal and value in use). With the exception of goodwill and certain intangible assets for which an annual impairment test is required, entities are required to conduct impairment tests where there is an indication of impairment of an asset, and the test may be conducted for a 'cash-generating unit' where an asset does not generate cash inflows that are largely independent of those from other assets.

IAS 36 was reissued in March 2004 and applies to goodwill and intangible assets acquired in business combinations for which the agreement date is on or after 31 March 2004, and for all other assets prospectively from the beginning of the first annual period beginning on or after 31 March 2004. Learn more...

Module: IAS 36

Date : 2 December 2021

Time : 09:00 - 11:00 CET

Price : €75.00 (per person)

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Key learning outcomes

Gain knowledge of the subjective and objective scope of the directive as well as a clear understanding of its hallmarks, reporting requirements and exceptions.

DAC 6

The sixth version of the EU Directive on administrative cooperation (DAC6) adopted by the Council of the European Union on 25 May 2018, aims to provide tax authorities of the Member States with additional information in order to assist them to more rapidly close perceived loopholes in tax legislation and harmful tax practices.

DAC6 was transposed into Maltese legislation, on 17 December 2019, by virtue of Legal Notice 342 of 2019 which brought about changes to the Cooperation with Other Jurisdictions on Tax Matters Regulations, Subsidiary Legislation 123.127 (the Regulations). Learn more...

Module: DAC 6

Date: 07 December 2021

Time: 09:00 - 12:00 CET

Price: €75.00 (per person)

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Key learning outcomes

Outlines the requirements for the preparation and presentation of consolidated financial statements, definition and determination of control, determination and accounting for Non-Controlling Interests and the impact of changes in ownership interests.

IFRS 10 – Consolidated Financial Statements

IFRS 10 Consolidated Financial Statements outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls. Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee.

IFRS 10 was issued in May 2011 and applies to annual periods beginning on or after 1 January 2013. Learn more...

Module: IFRS 10

Date: 9 December 2021

Time: 09:00 - 11:00 CET

Price: €75.00 (per person)

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