IAS 2 – Inventories, IAS 24 – Related Party Disclosure and IAS 37 – Provisions, Contingent Liabilities & Contingent Assets

40.00 Inc VAT

Thursday 08 April 2021 | 14:00 (Europe/Malta)

Online Live Session

MIA Accreditation | 3 hours Core in terms of the Accountancy Board CPE scheme.

Seats Available

The seminar will deal with three standards that are widely used in most sets of financial statements – IAS 2 Inventories, IAS 24 Related Party Disclosures and IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

IAS 2 provides guidance for determining the cost of inventories and the subsequent recognition of the cost as an expense, including any write-down to net realisable value. It also provides guidance on the cost formulas that are used to assign costs to inventories.

The objective of IAS 24 is to ensure that an entity’s financial statements contain the disclosures necessary to draw attention to the possibility that its financial position and profit or loss may have been affected by the existence of related parties and by transactions and outstanding balances, including commitments, with such parties.

IAS 37 defines and specifies the accounting for and disclosure of provisions, contingent liabilities, and contingent assets.

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Speaker

Kevin Vassallo is a senior executive at the Central Bank of Malta. He is a certified public accountant by profession and holds a post-graduate degree in the science of finance. His work experience includes internal audit, human resources management, portfolio management in the money & fixed-income markets, foreign exchange and risk management. He is currently a risk manager and also an ACCA tutor for BPP in advanced corporate reporting.

 

 

Events Resources

Events resources will be sent by email after the delivery of the event.

Event Details

Day 1: 08/04/2021

Start time: 14:00 CET

End time: 17:15 CET

Venue: Online Live Session

Phone: +356 27555560 / +356 77555560

Email: info@societyeducation.online