Liabilities under IFRS
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 email@example.com 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.
Understanding the nature, timing and amount of liabilities is a crucial part of analysing an entity’s balance sheet, and therefore companies have a financial reporting obligation to ensure that liabilities are appropriately classified and presented. In this IFRS suite session we shall be covering:
- the principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and liabilities in line with IAS 32 Financial Instruments: Presentation
- the distinction that exists between a provision, a contingent liability and a contingent asset and how these are disclosed in the notes to the financial statements in line with IAS 37 Provisions, Contingent Liabilities and Contingent Assets
The session is aimed for accounting professionals and financial controllers.
By the end of this session participants would be knowledgeable on what constitutes a financial liability and what disclosures are required in the financial statements to enable users to understand the nature, timing and amount of a financial liability.
Basic knowledge on financial reporting and consolidations is recommended.
Venue: Kindly contact us on firstname.lastname@example.org to indicate your preferred training method; online or in-person.
CPE Hours: This course qualifies for 2 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.
Renzo Bugeja, Manager, Corporate Accounting Advisory Services, KPMG in Malta
Renzo joined KPMG’s Corporate Accounting Advisory Services function in 2018 upon completing his master’s degree in accountancy at the University of Malta. Renzo is mainly involved in advising a varied portfolio of local and international clients with their implementation of IFRS requirements. Renzo also delivers training on specific IFRS matters and local Companies Act requirements to his clients.
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- Guided Learning 2 Hours
- Language English