Course Detail(E142 : Ethical Issues In Valuation)

E142 : Ethical Issues In Valuation

3.50 CPE Hours (Category 2)
Classroom


Programme Objective
 
Professional accountants in business are often involved in the preparation of financial statements that is used by numerous stakeholders. Accountants shall prepare or present such information fairly, honestly and in accordance with relevant professional standards so that the information will be understood in its context.
 
The evolution of financial reporting standards has led to more items within the financial statements being measured using other bases e.g. current cost and present value. As professional accountants in business, some of the following questions will arise:
 

  • How often is valuation required in preparing financial statements?
  • What are the key valuation inputs required and are they reasonable?
  • What are the fundamental principles being threatened?
  • How can we eliminate or reduce such threats?
  • What safeguards can accountants create?

Programme Outline


Overview of Professional Ethics
 

  • Overview of fundamental principles and conceptual framework of EP 100
  • Conflict of interest
  • Preparation and reporting of information
  • Acting with sufficient expertise
  • Situations where value in use and fair value is required
 
Computing Value in Use
 
  • Re-cap on impairment testing procedures
  • Prospective financial information
  • Growth rate and profit margins
  • Discount rate
  • Useful sources of databases
  • Identify potential threats
  • Practical safeguards in the work environment
 
Measuring Fair Value
 
  • Scenarios where fair value is required
  • Re-cap on fair value measurement
  • Re-cap of market, income and cost approaches and methods
  • Key valuation assumptions
  • Useful sources of databases
  • Identify potential threats
  • Practical safeguards in the work environment 

Training Methodology
 
Mini-lectures, solving of problems / scenarios and sharing of experience.
  
 
Closing Date for Registration
 
1 week before programme or until full enrolment.
 

Intended For

• Accountants in businesses • Preparers of financial statement • Chief Financial Controllers • Auditors

Competency Mapping

Category 2 = 3.50 Hours

Schedule & Fees

Date & Time

14 Dec 2019 (9:00 AM - 12:30 PM)

Registration is closed

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Mr Ong Woon Pheng

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

16 Oct 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Mr Ong Woon Pheng

Date & Time

27 Aug 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Mr Ong Woon Pheng

Date & Time

22 Dec 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Mr Ong Woon Pheng

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Ong Woon Pheng
CA (Singapore), FCCA, CFA, CFE, ICVS, ATP (Income Tax)

Woon Pheng has been in the accounting and finance profession since 2001 and he is currently Director of the Financial Advisory Services department at PKF-CAP LLP, a member firm of PKF International Limited. He was previously with Kudos CAS and RSM, both international public accounting firms.
 
He is a Chartered Accountant of Singapore (CA Singapore), Fellow Member of Association of Chartered Certified Accountants (FCCA), Chartered Financial Analyst (CFA), International Certified Valuation Specialist (ICVS), Certified Fraud Examiner (CFE) and Accredited Tax Practitioner (ATP Income Tax).
 
Currently, he specialises in business valuation, valuation for FRS (including purchase price allocation, impairment review and valuation of intangible assets and financial instruments), financial and tax due diligence, divestment of business, mergers and acquisitions (M&A), fraud investigation, assessment of damages, expert witness and liquidation.
 
As an adjunct faculty of Singapore University of Social Science (SUSS, f.k.a. UniSIM), University of Portsmouth, Murdoch University and Kaplan, Woon Pheng teaches business valuation, financial reporting and corporate finance related subjects for the Masters, CFA, Degree and Diploma programmes. In 2015, he was conferred the Teaching Merit Award by SUSS. He is also involved in various roles in the Singapore CA Qualification and with Singapore Accountancy Commission (SAC).
 
Woon Pheng serves as Treasurer of Kampong Ubi Community Centre Management Committee.

 


Programme Objective
 
Professional accountants in business are often involved in the preparation of financial statements that is used by numerous stakeholders. Accountants shall prepare or present such information fairly, honestly and in accordance with relevant professional standards so that the information will be understood in its context.
 
The evolution of financial reporting standards has led to more items within the financial statements being measured using other bases e.g. current cost and present value. As professional accountants in business, some of the following questions will arise:
 

  • How often is valuation required in preparing financial statements?
  • What are the key valuation inputs required and are they reasonable?
  • What are the fundamental principles being threatened?
  • How can we eliminate or reduce such threats?
  • What safeguards can accountants create?

Programme Outline


Overview of Professional Ethics
 

  • Overview of fundamental principles and conceptual framework of EP 100
  • Conflict of interest
  • Preparation and reporting of information
  • Acting with sufficient expertise
  • Situations where value in use and fair value is required
 
Computing Value in Use
 
  • Re-cap on impairment testing procedures
  • Prospective financial information
  • Growth rate and profit margins
  • Discount rate
  • Useful sources of databases
  • Identify potential threats
  • Practical safeguards in the work environment
 
Measuring Fair Value
 
  • Scenarios where fair value is required
  • Re-cap on fair value measurement
  • Re-cap of market, income and cost approaches and methods
  • Key valuation assumptions
  • Useful sources of databases
  • Identify potential threats
  • Practical safeguards in the work environment 

Training Methodology
 
Mini-lectures, solving of problems / scenarios and sharing of experience.
  
 
Closing Date for Registration
 
1 week before programme or until full enrolment.
 

Intended For

• Accountants in businesses • Preparers of financial statement • Chief Financial Controllers • Auditors

Competency Mapping

Category 2 = 3.50 Hours

Programme Facilitator(s)

Ong Woon Pheng
CA (Singapore), FCCA, CFA, CFE, ICVS, ATP (Income Tax)

Woon Pheng has been in the accounting and finance profession since 2001 and he is currently Director of the Financial Advisory Services department at PKF-CAP LLP, a member firm of PKF International Limited. He was previously with Kudos CAS and RSM, both international public accounting firms.
 
He is a Chartered Accountant of Singapore (CA Singapore), Fellow Member of Association of Chartered Certified Accountants (FCCA), Chartered Financial Analyst (CFA), International Certified Valuation Specialist (ICVS), Certified Fraud Examiner (CFE) and Accredited Tax Practitioner (ATP Income Tax).
 
Currently, he specialises in business valuation, valuation for FRS (including purchase price allocation, impairment review and valuation of intangible assets and financial instruments), financial and tax due diligence, divestment of business, mergers and acquisitions (M&A), fraud investigation, assessment of damages, expert witness and liquidation.
 
As an adjunct faculty of Singapore University of Social Science (SUSS, f.k.a. UniSIM), University of Portsmouth, Murdoch University and Kaplan, Woon Pheng teaches business valuation, financial reporting and corporate finance related subjects for the Masters, CFA, Degree and Diploma programmes. In 2015, he was conferred the Teaching Merit Award by SUSS. He is also involved in various roles in the Singapore CA Qualification and with Singapore Accountancy Commission (SAC).
 
Woon Pheng serves as Treasurer of Kampong Ubi Community Centre Management Committee.

 

Upcoming Schedule

Registration is closed

Date & Time

14 Dec 2019 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Mr Ong Woon Pheng

Venue

60 Cecil Street
ISCA House
Singapore 049709