Provisions and Contingencies

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 objective of this session is to illustrate the main accounting considerations emenating from IAS 37, helping participants understand when and how a provision should be recognised in the financial statements through the use of practical examples, and identifying contingent liabilities and contingent assets which require disclosure.
Target Audience:
The session is aimed for accounting professionals and financial controllers.
Learning Outcomes:
By the end of the session participants would be knowledgeable of the key concepts set out in IAS 37.
Prerequisites:
Basic financial reporting knowledge 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 1 hour of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.
Trainer:
Georges Xuereb, Director, Corporate Accounting Advisory Services, KPMG in Malta
Georges provides a wide range of Accounting Advisory services, including group consolidations and the preparation of consolidated financial statements under both GAPSME and IFRS, technical accounting advice on complex matters, development of Excel-based models (such as leasing, ECL impairment and consolidation tools), and outsourced corporate accounting and compliance services, such as preparation of management accounts and financial statements. His portfolio of clients is very diverse, including groups and companies operating in sectors such as manufacturing, logistics, aviation, cruise line business, gaming, diversified multinationals, construction, and financial services. Georges also lectures on the Financial Reporting (FR) and Strategic Business Reporting (SBR) ACCA modules to students as part of their studies in fulfilment of the ACCA qualification.
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Is your employer paying for your CPE seminars? Contact us on kla@kpmg.com.mt to discuss how the employer can benefit from our offers.
Course Features
- Guided Learning 1 hour
- Language English
- Assessments

