events | 01 February 2021

Liabilities under IFRS

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.

Course Description:

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

Target Audience:

The session is aimed for accounting professionals and financial controllers.

Learning Outcomes:

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.

Date: 29/04/2021

Time: 14:00 – 16:15

Venue: Live online session – details of how to join the meeting will be sent once registration is complete

Fee: €40

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.

Kindly note that this session entitles the attendee to KPMG Loyalty Rewards. After collecting 60 Loyalty Rewards, attendees will be entitled to a free CPE session of their choosing. Visit our Loyalty Rewards page to learn more.

Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!

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Cooperation Partners
  • Malta Association of Credit Management
  • Malta Employers' Associations