*This course is formally known as (E142) Ethical Issues In Valuation

 

Programme Objective

 

Professional accountants in business are often involved in the preparation of financial related information used by numerous stakeholders. The evolution of FRS has led to more items within the financial statements being measured using current cost measurement e.g. fair value and value in use. As such, some of the following questions may arise:

 

• When is fair value and value in use required?
• What are the key valuation inputs required? How do we assess its reasonableness?
• Which fundamental principles may be threatened?
• How can we practically eliminate or reduce such threats?

Programme Outline

Overview of Code of Professional Conduct and Ethics (EP 100)

 

• The five fundamental principles
• Conceptual framework
• Categories of threats and safeguards
• Conflict of interest
• Preparation and presentation of information
• Acting with sufficient expertise
• Financial interests, compensation and incentives
• Inducements
• Responding to NOCLAR
• Pressure

 

Fair Value Accounting Related Issues

 

• Scope of impairment testing and recoverable amount
• Indications of impairment
• Estimating future cash flows
• Estimating discount rate (WACC)
• Fair value measurement framework
• Valuation approaches
• Commonly used valuation methods / techniques

 

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
• CFO and Financial Controllers
• Auditors

Competency Mapping

Category 2 = 3.50 Hours

Programme Facilitator(s)