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Impairment Insight: Value in use and Fair Value Workshop

Delve into the key issues impacting on impairment and fair valuation and gain practical insights from our experts, Kevin Frohbus and Simon Dalgarno. Whether you are a Finance leader reviewing impairment calculations for your financial statements or auditing them, this workshop examines IAS 36 Impairment of Assets and IFRS 13 Fair Value Measurement in detail and provides in depth guidance on how to prepare for your year-end reporting.
Content Description:
Regulators continue to identify impairment testing as one of their principal focus areas and accordingly CFO’s and auditors are under increasing pressure from directors and regulators to ensure the accounts are prepared correctly and they can support the carrying value of goodwill and other assets across the business
Benefit from Kevin Frohbus’s insights into the accounting standards and Simon Dalgarno’s valuation expertise in this workshop as they examine IAS 36 and IFRS 13 in detail and provide you with examples and practical advice on how to prepare for year-end reporting.

This one-day intensive workshop on Impairment of Assets (IAS 36) and Fair Value Measurement (IFRS 13) will begin with the theory and a brief introduction before delving into the details of each standard, the differences and the interconnection between them.

Complying with these standards requires a reliable business process that incorporates information about how the assets came to be recognised initially, the assumptions about their ongoing use and value, and an approach to navigate the complex mix of valuation methodologies and accounting principles that are often contradictory and sometimes inconsistent. 

This one day intensive workshop is aimed at those senior finance leaders and audit practitioners who are involved in preparing or reviewing impairment calculations based on using value in use and fair value methodologies. 

The workshops will provide participants with a comprehensive and detailed understanding of the two approaches to undertaking impairment testing and applying the requirements of the standards. 

Specifically, the additional considerations that will be introduced into the impairment process from 2019 as a result of the new leasing standard, IFRS 16 Leases, will be outlined and considered throughout the day. 

Participants will benefit from the expertise of two highly experienced presenters, who will share their key insights, tips and things to look out for when performing the impairment and valuation analysis. It will also help participants be more aware of the accounting reporting requirements in the financial statement or audit process. 
Learning Outcomes:
Upon satisfactory completion of this activity you will be able to:
Apply the fundamentals of IAS 36 Impairment of Assets and IFRS 13 Fair Value Measurement
Identify the indicators of impairment
Explain the difference between fair value and value in use and the impact this has on the valuation model for impairment
Identify the most common errors made when working with these standards
Develop a framework to prepare for your year-end financial statements
Explain the components of a good valuation model
Describe the components of a discount rate
Examine the models for common errors
Interpret the valuation result and explain how to translate it to compare to goodwill and other assets in the business unit
Prepare answers for some questions your auditor might ask
Articulate the approach to communicating information about the impairment assessment to investors in the financial statements.  
Develop a strategy on how to manage expectations of Boards and CEOs.
Simon Dalgarno FCA, has worked in the financial valuation industry for almost twenty years and is a CA BV Specialist and a Fellow of the Financial Services Institute of Australasia. Since joining the Leadenhall consulting practice in 1998 he has specialised in the valuation of businesses and intellectual property. Simon has extensive experience in the valuation of businesses and intangible assets.

Kevin Frohbus, is an IFRS advisory specialist with over 20 years’ experience. Kevin was at the forefront of the adoption of IFRS in the early 2000’s and has served as partner and technical director at two large, multi-national audit and advisory firms for over 13 years before joining BDO’s IFRS Advisory team in 2017.
Adelaide | Tuesday 7 April 2020
CA ANZ: Westpac Building, Level 29, 91 King William Street, Adelaide
9am - 5pm
Registration commences at 8.30am

Perth | Wednesday 6 May 2020
CA ANZ: Level 11, 2 Mill Street, Perth
9am - 5pm
Registration commences at 8.30am

Brisbane | Thursday 14 May 2020
CA ANZ: Level 13, 1 Eagle Street, Brisbane
9am - 5pm
Registration commences at 8.30am

Melbourne | Monday 25 May 2020
CA ANZ: Level 18, 600 Bourke Street, Melbourne
9am - 5pm
Registration commences at 8.30am

Sydney | Thursday 4 June 2020
CA ANZ: 33 Erskine Street, Sydney
9am - 5pm
Registration commences at 8.30am


Topic: Audit & Assurance

Sub-Topic: Business Reporting, Business Valuation, Financial Reporting, Financial Statement Audit, Internal Audit, Risk Management

Format: Workshop

Proficiency Level: Intermediate

CPD: 6.5 hours