ME187 Valuations for Financial Reporting from an IFRS Perspective
- Registration Closed
Wednesday, January 24, 2024
1:00 p.m. - 5:30 p.m. Eastern
Description
Performing valuations for financial reporting are interesting and challenging from a variety of perspectives. In this webinar, we will review the applicable IFRS standards and how they apply to the MTS valuer. We will also review issues such as working with a valuation team, reporting requirements, contents of a good work life and how to best prepare for the audit process. This webinar will review the standards from the perspective of IFRS ( non-US accounting standards) but the majority of the data provided is similar to what is required by the GAAP (USA) accounting standards. It is very possible that you will have to perform a valuation under the IFRS standards without ever leaving the USA if the acquiring company follows the IFRS standards.
Course Audience
Any MTS (or real estate) appraiser who would like to know more about how to perform valuations for financial reporting under the IFRS standards.
General Webinar Information
Login to ASA's webinars are through your Education Dashboard on the ASA website. In addition, this presentation will not be recorded or made available post-webinar for purchase via the ASA Marketplace
System Requirements
To ensure the best ASA webinar experience, be sure to download the Zoom app on your device before the webinar begins.
Continuing Education (CE) Information
This webinar will award 4.8 CE hours.
If you are a designated member of the American Society of Appraisers, CE credit will automatically be entered into your record ONLY if you participate in the live webinar. Please allow approximately 2 weeks post-webinar for ASA to notify participants via email regarding a certificate of completion.
Douglas Krieser
Managing Director
Valcon Partners, Ltd.
Douglas Krieser, ASA FRICS has performed valuations for over 34 years. He is the Managing Director at Valcon Partners, LTD. He is a Past-President of the American Society of Appraisers (ASA), the past Chair of the Board of Examiners, has served on the MTS Committee and on various committees and task forces for both the ASA and the Appraisal Foundation. He has been teaching and writing ASA courses, webinars and presentations for over 18 years.
The majority of his career has been spent performing valuations for financial reporting, ad valorem tax and litigation purposes. Mr. Krieser has performed and supervised valuations throughout the United States, Europe, Asia, and South America. In addition to his valuation experience, Mr. Krieser is regarded as an expert witness and has testified in several states regarding personal property tax matters and in federal bankruptcy court.
In addition to authoring articles for various value-related publications and being a contributing author to various textbooks published by the ASA, Mr. Krieser has presented at national conferences on a variety of valuation and regulatory related topics.
In addition to his membership in the ASA, Mr. Krieser is a Fellow of The Royal Institution of Chartered Surveyors.
Upon completion of this webinar, attendees will be able to:
- Introduce and review the appropriate standards and how to apply them
- Discuss terminology unique to financial valuations and what they mean to the tangible asset appraisers.
- Describe the client and auditor expectations for the valuer.
- Explain the importance of the appraisal team and how each discipline is integrated into the team.
- Outline key components of the work life, report and subsequent backup audit processes.
In this webinar, we will go over and review the following and how they apply to the MTS Valuer:
- IFRS 3: Business Cominations
- IFRS 13: Fair Value Measurement
- IAS 16: Property, Plant and Equipment
- IAS 36: Impairment of Assets
- IFRS 5: Non-Current Assets Held for Sale and Discontinued Operations
- Fair Value definition and clarification/discussion
- Valuing assets held for sale or disposal
- Goodwill, negative goodwill and impairment
- Team make-up/working with an interdisciplinary team
- The MTS Valuers' role within the team
- Client and auditor requirements
- Valuation process
- Reporting requirements
- Audit process
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