13:15
GAPSME Foundation – 2 Session Course
21st April 2020
— 23rd April 2020
Lower Ground (LG), Tower Training Centre, Swatar
Organised by MIA Malta
BACKGROUND INFORMATION
Local small and medium-sized companies are allowed to apply simplified accounting regulations (General Accounting Principles for Small and Medium-Sized Entities, commonly referred to as GAPSME), rather than International Financial Reporting Standards (IFRS), for accounting periods commencing on or after 1 January 2016.
OBJECTIVES
This 6-hour seminar, split over two days, aims to provide attendees with a sound foundational understanding of the applicability and application of General Accounting Principles for Small and Medium-Sized Entities (GAPSME) at both financial accounting and financial reporting levels, including awareness of the differences between IFRS and GAPSME, when presenting financial information to users.
TOPICS ON THE AGENDA
1. A detailed understanding of the general applicability of GAPSME
2. Compare and contrast exercise between IFRS and GAPSME
3. Adoption of GAPSME – a Case Study
13:15
13:30 - 16:45