Seminars Malta

This event is organised by Malta Institute of Accountants

Topics on the agenda:

Theory:

1. An introduction to consolidation.

2. The Companies that need to consolidate and the companies that do not.

3. An overview of Companies Act provisions regulating consolidated financial statements.

4. A compare and contrast exercise between IFRS and GAPSME.

5. Resolving conflicts between different laws and regulations.

6. A sound theoretical foundation before applying the practice, i.e. discussion of concepts and practical applications of notions such as control, goodwill, consolidated retained earnings, the main consolidation adjustments and non-controlling interest (NCI).

7. Concluding theoretical remarks and summaries.

Practice:

8. A series of case-studies illustrating consolidation techniques:

Basic consolidation of a fully-owned subsidiary
Basic consolidation of a subsidiary that is not fully-owned using the share of net assets method.
Basic consolidation of a subsidiary that is not fully-owned using the fair value method.
Basic consolidation of a subsidiary that is also a customer.
Basic consolidation of a subsidiary that is also a supplier.
Basic consolidation of a subsidiary that distributed a dividend.
Consolidation of a subsidiary acquired by cash.
Consolidation of a subsidiary acquired by deferred consideration.
Consolidation of a subsidiary acquired by granting of acquirer’s shares.
Consolidation of a subsidiary acquired, of which assets’ fair values differ from carrying amounts.
Advanced consolidations: complex structures
Advanced consolidations: subsidiaries in foreign currencies
Advanced consolidations: impairment issues
Advanced consolidations: deferred tax issues

9. Accounting treatment of step-acquisitions and disposals: