Overview
Asset valuation is a process of estimating the value of an asset, depending on condition and use. Changes in regulation or business climate, declines in usage rate, technology changes or potential significant drop in the long-term profitability of an asset can lead to an unexpected or sudden decline in the service utility of a capital asset, leading to impairment. Asset impairment can be a difficult and complex process for a company or business. For fairness, assets are normally tested at the end of each financial year to estimate the current value and compare with the book value so that in case the current value is lower, then an impairment loss is reported.
ICPAK has organized a two day workshop to address principles and complexities related to asset valuation and impairment. The workshop will specifically focus on IFRS 9 &13, IAS 36 and IPSAS 21 & 26 (specifically in the public sector). Impairment and valuation considerations related to oil and gas assets and a case study on Impairment red flags and issues to watch will also be discussed.
Learning outcome:
By the end of the workshop participants will be able to:
• Understand and apply effectively IFRSs/IPSAS relating to asset valuation and impairment.
• Effectively perform impairment tests.
• Appreciate impairment and valuation considerations related to oil and gas assets.
• Identify impairment red flags.
Target Audience
Finance Managers, preparers of IFRS financial statements, Auditors, Accountants not directly responsible for financial statement preparation, Audit committee members of public and private entities that require a reasonable knowledge of IFRS/IPSAS, Academicians and Financial consultants.
The workshop will be held on 16th-17th July, 2015 at the Laico Regency Hotel, Nairobi, from 8.30am – 5.00 pm. Charges are Kshs. 12,950 and 22, 950 for ICPAK members and non members respectively. 14 CPD hours will be awarded to members in attendance.