The training deals with fair value measurement requirements as addressed by IFRS 13. Fair value is one of the basic measurements methods of assets and liabilities. Moreover it is largely used for disclosures in the notes.
The training explains specific aspects of fair value definition and other principles of appropriate application. It analyses eligible valuation techniques, fair value hierarchy, specific requirements for valuation of non-financial assets and liabilities. Special attention is dedicated to requirements for disclosures of fair value in the notes.
Ciljna skupina
At banks and other financial institutions mainly employees at following departments: accounting, reporting, risk management, treasury, ALM, back office, middle office, controlling, internal audit, financial analyses of IFRS statements of customers
At non-financial companies mainly employees at following departments: accounting, reporting, risk management, controlling, internal audit
Audit companies
Appraisers preparing valuations for accounting purposes
Supervisors and enforcers in the area of financial institutions accounting
Datum
Mjesto
Cijena
21.6.2021
Ispričavamo se, ali nije moguće naručiti seminar u ovom terminu
Overview of standards requiring measurement of assets and liabilities at fair value
Definition of fair value
Fair value as exit price including application of the bid-ask spreads
Other aspects of the fair value definition – orderly transaction, market participants, principal / most advantageous market
Fair value at initial recognition + booking of day one gains or losses - Specific requirements for measurements of liabilities and equity instruments issued
Offsetting positions in credit and market risks
Requirements applied to valuation techniques and inputs
Types of valuation techniques – market, income, cost approach
Present value techniques
Fair value in inactive markets
Principles of fair value hierarchy – categorisation of the measurements into Level 1, 2 and 3
Using 3rd party quotes
Specific principles for measurement of non-financial assets – highest and best use + examples
Specific requirements for measurement of non-financial liabilities
Disclosures about fair values
General requirements for disclosures
Disclosures for financial instruments – detailed description, practical examples, summary in the tables distinguishing requirements for interim and annual reports
Disclosures for non-financial assets and liabilities – description + summary in the table
After completing the training the participants will understand
in what cases fair value measurements are used
principles of fair value measurement based on the fair value being an exit price determined from market participants’ perspective
valuation models which can be used for fair value measurement in particular situations
jow fair value measurement should be approached if markets are inactive
how 3rd party price quotes can be used
how fair value measurements are categorised into 3-level hierarchy
disclosures in the area of hedge accounting based on practical examples