IFRS Refresher

The IFRS Refresher sessions cover the more prevalent accounting standards under the IFRS framework. As IFRS are constantly changing, these sessions serve as a comprehensive but concise refresher. The refresher starts by giving an overview of IAS 1 Presentation of Financial Statements, and then delves into the accounting standards relating to non-current assets, and how other standards interact with the measurement of these assets. This course also covers Fair Value Measurement, Business Combinations, and Consolidated Financial Statements, and introduces recently issued and effective standards on Revenue recognition, Financial Instruments and Leases.

The following are the standards which are dealt with in this IFRS Refresher course:

Session 1

—   IAS 1 Presentation of Financial Statements
—   IAS 16 Property, Plant and Equipment
—   IAS 38 Intangible Assets
—   IAS 40 Investment Property
—   IAS 36 Impairment of Assets
—   IAS 20 Accounting for Government Grants
—   IAS 23 Borrowing Costs

Session 2

—   IAS 12 Income Taxes
—   IAS 37 Provisions, Contingent Liabilities and Contingent Assets
—   IFRS 13 Fair value Measurement
—   IFRS 3 Business Combinations
—   IFRS 10 Consolidated Financial Statements
—   IAS 27 Separate Financial Statements
—   IAS 28 Investments in Associates and Joint Ventures
—   IFRS 11 Joint Arrangements

Session 3

—   IFRS 9 Financial Instruments
—   IFRS 15 Revenue From Contracts With Customers
—   IFRS 16 Leases

Target Audience

– Professional Accountants in Business
– Financial Controllers
– Group Accountants
– CFOs

CPE Hours:

This event qualifies for 9 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of each session.


KPMG Learning Academy, Floriana



Georges Xuereb is a Manager at KPMG Malta and forms part of the firm’s Accounting Advisory Services team providing technical IFRS advice and assistance to clients. Georges also delivers technical training on IFRS matters and lectures the Financial Reporting (FR/ F7) module which forms part of the ACCA qualification.


Course Features

  • Guided Learning 9 hours
  • Language English
  • Assessments Self Assessment
George Xuereb

Senior Manager

Georges provides IFRS and GAPSME advice and delivers accounting topic papers to his clients on complex technical accounting matters. He also assists clients in the preparation of separate and consolidated financial statements in accordance with IFRS or GAPSME, including groups operating in sectors such as manufacturing, logistics, gaming, international business, construction, and financial services. His area of focus in these diverse industries includes IFRS consolidations and implementation of recently issued IFRSs such as IFRS 16 Leases, IFRS 15 Revenue from Contracts with Customers, and IFRS 9 Financial Instruments for non-financial institutions. Georges also implements Excel-based consolidation tools to large groups to improve their consolidation reporting process, with a focus on quality and complex accounting requirements and reducing reporting timeframes. He has also developed an IFRS 16 Leases tool to assist clients in transitioning to the new leases standard, with focus on automation and timely reporting. Georges delivers technical training and presentations on IFRS matters both internally to his colleagues and to his clients, and delivers lectures on the Financial Reporting and Strategic Business Reporting modules to students as part of their studies in fulfilment of the ACCA qualification.