40.00 Inc VAT

Tuesday 14 April 2020 | 14:00

Venue – Landmark Business Centre, Hal Qormi

Accreditation details will follow shortly.



Through Legal Notice 289 of 2015, effective for financial reporting periods commencing on or after

1st January 2016, the General Accounting Principles for Small and Medium Entities (GAPSME) became the default financial reporting framework for small entities whose financial years begin on or after 1 January 2016. Medium-sized entities can also adopt GAPSME if they so wish. This course will outline the major features of GAPSME with respect to recognition, measurement and disclosures and its applicability to small and medium-sized entities. The main differences from IFRSs as adopted by the EU will also be discussed.

Aims and Objectives for the Course

  • Identify the entities and groups which qualify for reporting under GAPSME.
  • Understand the fundamental recognition and measurement concepts set out in GAPSME.
  • Identify the disclosures applicable to small and medium-sized entities.
  • Understand the main differences in recognition, measurement and disclosure from IFRS as adopted by the EU.
Download Event Brochure


Mark J Abela is a Certified Public Accountant. He holds a Bachelor’s degree in Accountancy and a Masters Degree in Financial Services from the University of Malta.

He is presently Senior Manager with EY Malta, where he is responsible for technical financial reporting matters. Before this he was CEO of the Malta Institute of Accountants (MIA), a post which he had been filling as of July 2015. Mark had originally joined the MIA in 2012 as Technical Director. He remains a member of the Institute.

Before this Mark enjoyed work experiences at Deloitte Malta where he was a manager specialising in financial services technical and regulatory matters; and at the European Financial Reporting and Advisory Group (EFRAG) in Brussels, where he was an IFRS project manager.

He spent the earlier part of his career working in audit with PWC, where he obtained his practicing certificate, and in financial management advisory with the Maltese Ministry of Finance.

Mark has also authored a number of technical and regulatory papers.

Events Resources

Events resources will be available after the delivery of the event.

Event Details

Start date: 14/04/2020

Start time: 14:00

End time: 17:15

Venue: Landmark Business Centre - Hal Qormi

Phone: +356 27555560 / +356 77555560