Preparers of financial statements often face practical difficulties when applying accounting standards to certain technical areas of finance. In addition, the ever-evolving forms of economic activity present the practitioner with challenges because business development far outpaces the IASB’s response and this often results in accounting needs arising from business activity which is not governed by extant accounting standards.

The seminar covers aspects of the treatment of deferred tax (IAS 12), share-based payments (IFRS 2), fair value measurement (IFRS 13), impairment (IAS 36), the classification of debt versus equity by reference to the characteristics of financial instruments and the treatment of cryptocurrencies.


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.