IFRS Fair Value Measurement

Learning Objectives

• To discover how IFRS 13 simplifies Fair value Measurement
• To identify what parts of FASB’s Topic 820 (formerly SFAS 157) are aligned with IFRS 13
• To explore commonly used valuation techniques
• To recognize common oversights in applying these valuation techniques
• To explore examples of how IFRS 13 affects financial instruments, intangibles, non-financial assets, and liabilities

Course Description

The International Accounting Standards Board (IASB) and the U.S. Financial Accounting standards Board (FASB) have both made some significant additional changes to IFRS and US GAAP for measuring fair value and required related disclosures.

You need to understand the implications of these changes now because their expected impact must be disclosed in the current financial statements. And not only will you have to make significant changes, in addition, you will have to disclose in the Notes how you arrived at your decisions. This webinar will provide you with easy-to-follow guidelines that will ensure that you can comply with this standard by examining the many factors that companies need to carefully consider when implementing International Financial Reporting Standards for Fair Value Measurement. The webinar will cover detailed examples of measuring the fair value of individual assets, especially as prepared by a valuation specialist.

MAJOR TOPICS COVERED :

• How IFRS 13 simplifies Fair Value measurement
• What parts of FASB’s Topic 820 (formerly SFAS 157) are aligned with IFRS 13
• How to apply this simpler, more precise definition of Fair Value
• Commonly used valuation techniques: 1. Market approach  2. Income approach
• Adjusted net asset approach
• Common oversights to avoid in applying these techniques to Fair Value measurement
• Examples of how IFRS 13 affects financial instruments, intangibles, non-financial assets, and liabilities

The webinar will help to develop and understand the process and requirements of accounting for Fair Value Measurement under IFRS. This will be a unique value webinar for the CPAs, EAs, and Tax professionals. 

Overview

• IFRS 101

  5 mins
• Assets 101

  18 mins
• Highest and best use

  27 mins
• Exit price: if no sale?

  38 mins
• Required disclosures when there's 'no market'

  49 mins
• Market approach

  61 mins
• Capitalization model

  69 mins
• Disclosures

  81 mins
• Specific disclosures for each class

  91 mins