Understanding Fair Value Measurement Under IFRS: A Practical Approach to IFRS 13

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Understanding Fair Value Measurement Under IFRS: A Practical Approach to IFRS 13

This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

The session will deal with the main features and disclosure requirements of IFRS 13 – Fair Value Measurement. This accounting standard sets out a framework for measuring fair value in a single standard and applies to all IFRSs that require or permit entities to measure or disclose the fair value of assets, liabilities and an entity’s own equity instruments. IFRS 13 acts as a single source of guidance for fair value measurement, replacing fair value guidance which was previously contained within individual standalone accounting standards, and also introduces extensive fair value disclosure requirements, especially for non-financial items.

Target Audience:

The session is aimed for accounting professionals and financial controllers.

Learning Outcomes:

Besides obtaining a thorough understanding of fair value measurement under IFRS, participants of this session will gain a deep understanding of the impact of fair value measurement and disclosure requirements on the financial statements of financial and non-financial entities. Participants will also learn how to approach fair value in practice in a principled and structured manner through multiple mini case studies.

Prerequisites:

Basic knowledge on fair value measurement is recommended.

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 2.5 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of each session.

Trainers:

Introduction by Jonathan Dingli, Partner, Corporate Accounting Advisory Services, KPMG in Malta

Jonathan Dingli

Jonathan leads a team of professionals within the Corporate Accounting Advisory Services (CAAS) Team at KPMG in Malta. At KPMG, Jonathan has assisted various clients, both local and international with respect to IFRS advice and IFRS adoption. He was responsible for advising a multi-national group of over 150 subsidiaries in its adoption of IFRS and the preparation of the group’s first IFRS consolidated financial statements. Before returning to KPMG, Jonathan set up the Malta Institute of Accountants’ Technical Department which he led for seven years. During his term of office Jonathan wrote a number of technical pronouncements on the application of IFRS to specific local circumstances, was responsible for the drafting of GAPSE (an accounting standard for Maltese SMEs), and he also represented the Institute on local and international fora. Before joining the Institute, Jonathan also worked for a number of years with KPMG in Malta and in Dublin during which he was assigned on a number of audits of high level clients both locally and overseas. Jonathan was the editor of the MIA journal the Accountant for seven years. Jonathan has been specialising in IFRS since 2008; he has lectured on IFRS in various countries, ran various IFRS courses for KPMG and the Malta Institute of Accountants and has given presentations at various events and conferences. He lectures on advanced financial reporting in the Master in Accountancy post-graduate degree at the University of Malta.

Noel Grima, Director, Advisory Services, KPMG in Malta

Noel Grima

Noel is the firm’s subject matter expert on valuations and financial instruments, leading the local financial risk management team servicing clients across all functions. His background is in the areas of valuation, corporate finance, financial reporting, transaction services and M&A, having previously formed part of KPMG’s Deal Advisory team for ten years. Since 2009, Noel has supported advisory, statutory ISA audit, ISRE review, and interoffice engagements particularly on IFRS and valuation matters. He is involved in many of the firm’s audit engagements since 2017, as well as assurance reports to regulators on regulatory capital and valuations. He also had a leading role in several IFRS financial reporting advice engagements, including substantial work for many banks and three SEC registrants. Noel has delivered internal and external training modules and seminars on advanced financial modelling, valuation, currency risk management, financial management, financial instruments including derivatives, IFRSs, negotiation and other business- and finance-related topics.

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Terms and conditions.

Course Features

  • Guided Learning 2.5 hours
  • Language English
  • Assessments
author avatar
Jonathan Dingli

Partner

A Partner within the Advisory function, Jonathan leads both the Corporate Accounting Advisory Services team and the Learning Academy at KPMG in Malta. He has over 20 years of experience in the accountancy profession and over 14 years teaching experience. After obtaining his Bachelor of Accountancy Hons. degree (First Class honours) from the University of Malta, Jonathan joined the audit function of KPMG. Several years later he became the first technical officer of the Malta Institute of Accountants and eventually its first Technical Director. In 2012 he set up KPMG’s Accounting Advisory Team which he still leads. In his current role as IFRS specialist Jonathan assists and provides advice to many local and international clients on financial reporting matters to ensure they comply with the most complex requirements of IFRS. More recently, he took the lead of the firm’s training arm, the KPMG Learning Academy. He is responsible for the strategic direction of the academy and is also involved in the delivery of several financial reporting courses under the IFRS learning suites umbrella. He completed his PhD studies in 2021. He lectures on advanced financial reporting at the University of Malta is an elected member of the Council of the MIA.

Director

Noel is the firm’s subject matter expert on valuations and financial instruments, leading the local financial risk management team servicing clients across all functions. His background is in the areas of valuation, corporate finance, financial reporting, transaction services and M&A, having previously formed part of KPMG’s Deal Advisory team for ten years. Since 2009, Noel has supported advisory, statutory ISA audit, ISRE review, and interoffice engagements particularly on IFRS and valuation matters. He is involved in many of the firm’s audit engagements since 2017, as well as assurance reports to regulators on regulatory capital and valuations. He also had a leading role in several IFRS financial reporting advice engagements, including substantial work for many banks and three SEC registrants. Noel has delivered internal and external training modules and seminars on advanced financial modelling, valuation, currency risk management, financial management, financial instruments including derivatives, IFRSs, negotiation and other business- and finance-related topics.

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