Seminár

IFRS 13 – Fair value measurement

Martin Svitek

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.

Content of the training

  • 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

Target audience

  • 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  

Časový harmonogram

08:30 – 09:00 registrácia účastníkov
09:00 – 10:30 prednáška
10:30 – 10:45 prestáva
10:45 – 12:00 prednáška
12:00 – 13:00 obed
13:00 – 13:50 prednáška
13:50 – 14:00 prestáva
14:00 – 16:00 prednáška a diskusia

Lektor

Martin Svitek

Martin Svitek graduated from University of Economics in Bratislava, Slovakia in 1999. He continued with postgraduate study during which he was teaching courses on accounting in banking and finance. In 2004 he switched to banking practice and has been working as an IFRS expert since. His main focus are financial instruments. Most of the time he has…

Ďalšie semináre lektora

Termíny a miesto konania

15.10.2021

ONLINE

Martin Svitek

15.10.2021

Bratislava

Martin Svitek

Školenie vám vieme pripraviť na mieru aj pre vašich zamestnancov a kolegov. Kontaktujte nás telefonicky na 0910 343 747 alebo e-mailom na zuzana.cmorejova@dashofer.sk.

Organizačné pokyny a faktúru vám pošleme pred termínom konania. Ceny sú uvedené bez DPH. S obchodnými podmienkami sa môžete oboznámiť tu.

!ERR No images found in //img.dashofer.sk/cif/fotogalerie/kursy/. Images path has to be on the same server. Supported img formats: jpg, jpeg, png, gif.