Financial Reporting

We are specialised in Financial Reporting

Overview

Zampa Debattista was founded as a specialised consultancy, with Financial Reporting being one of its two core services.

John Debattista, its co-founding Partner, is a seasoned Financial Reporting Specialist with a demonstrated history of handling complex IFRS cases in Malta and beyond, since 2008.

01 Offerings

Our Financial Reporting Services

We specialise in providing solutions related to International Financial Reporting Standards (IFRS) matters, both from a compliance, advisory and training point of view.

Our specialisation also extends to GAPSME – the reporting framework popular amongst eligible small and medium Maltese companies.

Preparation of Financial Statements

Review of Financial Statements

EU-IFRS Advisory

Special EU-IFRS Assignments

EU-IFRS Training

Tailor-Made EU-IFRS Workshops

02 GAPSME OR IFRS?

IFRS Implementation in Malta

GAPSME is the default accounting framework in Malta. Companies not eligible to apply GAPSME need to resort to IFRS, which is more onerous, but is used in many countries worldwide. Companies also have the option to report to shareholders under IFRS.

It also needs to be considered that certain Malta companies meet the definition of a ‘parent company’ under the Companies Act. Frequently, such companies need to consolidate. When consolidation is required under IFRS or GAPSME, all group companies, including foreign operations, need to prepare consolidated accounts.

03 Latest from Blog

IFRS Insights

IFRS

Accounting For Lease Contract Changes Under IFRS 16

IFRS 16 ‘Leases’ replaces IAS 17 ‘Leases’ as from 1 January 2019, with some important…
IFRS

Changes on the Lessee’s Balance Sheet from 2019

Entities preparing financial statements under IFRS may have experienced significant changes on their balance sheet…
Accounting

Audit & IFRS Q.4 – 2020

Download: Audit & IFRS-Newsletter Q4 2020 Learn about the most recent changes in IFRS & audit…
04 Get in Touch

Contact

John Debattista

Founding Partner, Head of Financial Reporting

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