Course Detail(A314v : Navigating Goodwill Impairment Testing (Live Webinar))
Not Available

UTAP Funding

A314v : Navigating Goodwill Impairment Testing (Live Webinar) NEW

3.50 CPE Hours (Category 1)
Live Webinar

This course focuses on the specific nuances involved in goodwill impairment testing, including understanding the differences between Value in Use (VIU) and Fair Value Less Cost of Disposal (FVLCOD), and their respective considerations when performing DCF calculations. 

Participants will gain the skills to critically assess management's assumptions in financial projections and understand key considerations when computing the discount rate.

At the end of this course, you will be able to:

  • Apply the step-by-step process for performing goodwill impairment testing under FRS 36, including identifying Cash Generating Units (CGUs) correctly;
  • Determine recoverable amount using both Value in Use (VIU) and Fair Value Less Cost of Disposal (FVLCOD) approaches;
  • Evaluate management's cash flow projections and underlying assumptions;
  • Compute pre-tax and post-tax discount rates, understand their relationship, and ensure equivalency basis between carrying amount and recoverable amount of CGUs; and
  • Navigate practical challenges in implementing impairment tests in the current economic environment.

Programme Outline

  • Overview of FRS 36 Requirements
    • Scope and objectives
    • Key definitions and concepts
    • Testing frequency and triggering events
  •  Understand Cash Generating Units (CGUs) 
    • Definition and identification of CGUs
    • Testing level for goodwill
    • Allocation of corporate assets
    • Practical considerations in CGU determination
  • Determine Value in Use (VIU)
    • Cash flow projections and their basis
    • Assessment of management assumptions
    • Calculating Free Cash Flows to Firm
    • Terminal value calculations
    • Specific requirements for VIU 
  • Determine Fair Value Less Cost of Disposal (FVLCOD)
    • Market participant perspective
    • Valuation approaches (market and DCF)
    • Treatment of synergies and enhancements
    • Cost of disposal considerations
  • Discount Rate Considerations 
    • Components of WACC 
    • Pre-tax vs post-tax discount rates
  • Carrying Amount vs Recoverable Amount 
    • Equivalency basis principles
    • Corporate asset allocation
    • Common pitfalls to avoid
  • Case Studies and Practical Examples
     

Training Methodology

Lecture style with case studies, examples, and exercises

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This course is designed for auditors working with clients involved in goodwill impairment testing, as well as finance managers and controllers. It is also suitable for valuation specialists, financial advisory professionals, and finance professionals engaged in financial reporting and valuation work.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees
Date & Time

28 Aug 2025 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)


SGD pricing -

For Members: $ 188.57
For Non-Members: $ 224.54


Programme Facilitator(s)

Bilal Noorgat

Venue

Live Webinar in or outside of
Singapore

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 01 April 2024 and 31 March 2027. *This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 28 May 2025 – 31 March 2027.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)


Bilal Noorgat
CA (SA), CVA, CFA
 
Bilal Noorgat brings over 13 years of experience in valuation and business modeling from prestigious international public accounting firms, including PwC, Mazars, and Deloitte. At these firms, he not only applied his expertise but also pioneered educational programs by developing and leading valuation training initiatives.
 
His career is distinguished by a deep proficiency in valuation for mergers and acquisitions, startup fundraising, and the valuation of diverse assets for tax and financial reporting across various industries.
 
In addition to his role as a valuation partner at FVA Advisory, Bilal shares his knowledge as an adjunct professor of finance at HULT International Business School and IE Business School.
 
He is a fellow member of the Chartered Valuer and Appraiser, a member of the South African Institute of Chartered Accountants, a CFA charterholder, and holds certification in advanced financial modeling.

This course focuses on the specific nuances involved in goodwill impairment testing, including understanding the differences between Value in Use (VIU) and Fair Value Less Cost of Disposal (FVLCOD), and their respective considerations when performing DCF calculations. 

Participants will gain the skills to critically assess management's assumptions in financial projections and understand key considerations when computing the discount rate.

At the end of this course, you will be able to:

  • Apply the step-by-step process for performing goodwill impairment testing under FRS 36, including identifying Cash Generating Units (CGUs) correctly;
  • Determine recoverable amount using both Value in Use (VIU) and Fair Value Less Cost of Disposal (FVLCOD) approaches;
  • Evaluate management's cash flow projections and underlying assumptions;
  • Compute pre-tax and post-tax discount rates, understand their relationship, and ensure equivalency basis between carrying amount and recoverable amount of CGUs; and
  • Navigate practical challenges in implementing impairment tests in the current economic environment.

Programme Outline

  • Overview of FRS 36 Requirements
    • Scope and objectives
    • Key definitions and concepts
    • Testing frequency and triggering events
  •  Understand Cash Generating Units (CGUs) 
    • Definition and identification of CGUs
    • Testing level for goodwill
    • Allocation of corporate assets
    • Practical considerations in CGU determination
  • Determine Value in Use (VIU)
    • Cash flow projections and their basis
    • Assessment of management assumptions
    • Calculating Free Cash Flows to Firm
    • Terminal value calculations
    • Specific requirements for VIU 
  • Determine Fair Value Less Cost of Disposal (FVLCOD)
    • Market participant perspective
    • Valuation approaches (market and DCF)
    • Treatment of synergies and enhancements
    • Cost of disposal considerations
  • Discount Rate Considerations 
    • Components of WACC 
    • Pre-tax vs post-tax discount rates
  • Carrying Amount vs Recoverable Amount 
    • Equivalency basis principles
    • Corporate asset allocation
    • Common pitfalls to avoid
  • Case Studies and Practical Examples
     

Training Methodology

Lecture style with case studies, examples, and exercises

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This course is designed for auditors working with clients involved in goodwill impairment testing, as well as finance managers and controllers. It is also suitable for valuation specialists, financial advisory professionals, and finance professionals engaged in financial reporting and valuation work.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Bilal Noorgat
CA (SA), CVA, CFA
 
Bilal Noorgat brings over 13 years of experience in valuation and business modeling from prestigious international public accounting firms, including PwC, Mazars, and Deloitte. At these firms, he not only applied his expertise but also pioneered educational programs by developing and leading valuation training initiatives.
 
His career is distinguished by a deep proficiency in valuation for mergers and acquisitions, startup fundraising, and the valuation of diverse assets for tax and financial reporting across various industries.
 
In addition to his role as a valuation partner at FVA Advisory, Bilal shares his knowledge as an adjunct professor of finance at HULT International Business School and IE Business School.
 
He is a fellow member of the Chartered Valuer and Appraiser, a member of the South African Institute of Chartered Accountants, a CFA charterholder, and holds certification in advanced financial modeling.

Upcoming Schedule

Date & Time

28 Aug 2025 (9:00 AM - 12:30 PM)
Fee (inclusive of GST)


SGD pricing -

For Members: $ 188.57
For Non-Members: $ 224.54


Programme Facilitator(s)

Bilal Noorgat

Venue

Live Webinar in or outside of
Singapore


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