Accounting for Non-Current Assets

Course Outline:

This training session will be covering a number of IFRSs on non-current assets, mainly:

IAS16: Property, Plant and Equipment
IAS 38: Intangible Assets
IAS 40: Investment Property
IAS 36: Impairment of Assets
IAS 20: Accounting for Government Grants and Disclosure of Government Assistance
IAS 23: Borrowing Costs
IFRS 5: Non-Current Assets Held for Sale and Discontinued Operations

The speakers will be going through the key definitions, initial recognition considerations, initial and subsequent measurement options of the above mentioned assets as well as the various disclosure requirements set out in IFRS. The three hour training session will also include a number of practical examples encountered by local companies when accounting for assets.

Pre-Requisites:

Basic knowledge on financial reporting is recommended

Learning Outcomes:

By the end of the session participants would be knowledgeable of the key concepts set out in the standards relating to Non-Current Assets

Target Audience:

The session is aimed for accounting professionals seeking to gain more knowledge on accounting for non-current assets

Trainers:

Lynn Camilleri, Assistant Manager, Advisory – Accounting Advisory Services

Lynn joined the Accounting Advisory Services (AAS) Department of KPMG during 2015 after completing her Master in Accountancy Degree at the University of Malta. Within the AAS, Lynn advises and assists a varied portfolio of local and international clients operating in several industries. Lynn 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. Lynn also provides technical training, workshops and presentations on specific IFRS matters.

Maria Attard, Assistant Manager, Corporate Accounting Services

Maria Attard joined the Accounting Support Services department of KPMG in 2014 after reading for the Master in Accountancy course at the University of Malta. Over the years she has been entrusted with a vast portfolio of both local and international clients across various industries. She has also completed the Diploma in VAT Compliance offered by the Institute of Indirect Taxation U.K.. Her current responsibilities include book keeping, VAT compliance, compilation of periodic management accounts, compilation of statutory annual reports and other related support services.

Yanika Drago, Assistant Manager, Corporate Accounting Services

Yanika Drago has joined the Corporate Accounting Services team within KPMG in 2014, following the completion of a Master in Accountancy at the University of Malta. She has undertaken a course in VAT Compliance with the Institute of Indirect Taxation U.K. Throughout her employment, Yanika has built a portfolio of local and international clients ranging from various industries. Her current responsibilities include book-keeping, the compilation of management accounts and statutory annual reports, VAT compliance and other related support services.

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Terms and conditions.

Course Features

Guided Learning 3 hours
Language English
Assessments

Lynn Camilleri

Assistant Manager

Maria Attard

Associate Director

Maria joined the corporate accounting team at KPMG Malta on a full-time basis in 2014. Over the years, she continued to grow and expand her knowledge, amassing a vast portfolio of local and international clients. She has assisted with the bookkeeping and the preparation of statutory financial statements of various clients across diverse industries such as financial services, gaming, shipping, property investment, professional services, pharmaceuticals and holding companies. Maria is proficient in applying both the local default accounting framework GAPSME as well as IFRSs as adopted by the EU. She has also assisted clients with the restatement of financial statements from foreign GAAP to GAPSME or IFRS, as the case may be, either as a result of redomiciliation to Malta or for consolidation purposes. She has worked hand in hand with professional advisors in order to devise and implement various restructuring plans put forward by clients. Over the years, she has worked on different types of accounting software, always seeking to use that which best suits the client. She helped clients to implement and ease into new accounting systems whilst making sure that the transition process runs as smoothly as possible. Apart from accounting related support services, Maria also offers advice on VAT related issues and assists clients with their VAT compliance obligations. Occasionally, Maria delivers technical training on VAT and accounting matters, both within KPMG and externally, to clients and with other learning institutions.