Deep Dive into Fair Value Measurement-Ind AS 113 (ACCOUNTING AND AUDITING) | |
Event ID: | 10769361 |
Date: | From: 20-04-2024 – To: 04-05-2024 |
POU Name: | Accounting Standards Board |
ICE ID: | 769361 For details about ICAI-ICE ,Click here(FAQ) |
Event Venue: | Virtual Mode https://learning.icai.org/committee/aasb/ddifvms/members-indas-113/ |
City: | Virtual Mode |
CPE Hrs: | 15 |
Venue Capacity: | |
Fees: | Fee for Member – Rs. 1500 + 18% GST (i.e., Rs. 1770/-) Fee for Non-Members – Rs. 2500 + 18% GST (i.e., 2950) |
Joint Seminar: | N |
If Yes, with whom: | |
Hosted by: | |
For Registration & further details, please contact: | indascourse@icai.in & kulashekhar@icai.in |
Webcast Link: | https://learning.icai.org/committee/aasb/ddifvms/members-indas-113/ |
Programme Structure | |
Inaugural Address: | |
Valedictory Address: |
Date | Description | From | To | Faculty | Chairman | CPE Hrs |
---|---|---|---|---|---|---|
Day 1 | ||||||
20-04-2024 | Introduction to Fair Value Measurement • Objective and Scope of Ind-AS 113 (Why and When to apply this Standard ?) • Key Definitions and Concepts under Ind-AS 113 • Fair Value Measurement – Steps and Application Framework including the following: – The Item being measured (including Entity-specific restrictions and Item-specific restrictions) – Unit of account – The transaction – Market Participants – The Market (viz. Principal Market & Most Advantageous Market) – The Price • Impact of (a) Transaction cost and (b) Transportation Cost – on fair value measurement • Key practical issues in Fair Value Measurement, including the following: –> How to appropriately determine appropriate Unit of Account & Unit of Valuation • Relevant Examples and Case studies : | 10:00:00 | 13:00:00 | CA. ANJANI KUMAR KHETAN | 3.00 | |
Day 2 | ||||||
21-04-2024 | • Valuation Approaches and Techniques (with example and case studies) – Market Approach – Cost Approach – Income Approach • Selection of appropriate Valuation Technique • Overview of …. Inputs to Valuation Techniques (detailed discussion in the next session) •Consistency in application of Valuation Techniques • Change in use of Valuation Techniques • Fair Value determination in markets that are no longer active • Relevant Examples and Case studies : | 10:00:00 | 13:00:00 | BHAVESH MANSUKHBHAI GONDHIYA | 3.00 | |
Day 3 | ||||||
Day 4 | ||||||
Day 5 | ||||||
Day 6 | ||||||
Day 7 | ||||||
Day 8 | ||||||
27-04-2024 | Present Value techniques to measure fair value under Ind-AS 113 • Fair Value Hierarchy for Inputs to Valuation Techniques – a deep dive • Level 1 Inputs • Level 2 Inputs • Level 3 Inputs • Assessing the significance of inputs • Transfers between levels within the fair value hierarchy • Information provided by third-party pricing services or brokers • Relevant Examples and Case studies : | 10:00:00 | 13:00:00 | Pooja Gupta | 3.00 | |
Day 9 | ||||||
28-04-2024 | • Fair Value @ Initial Recognition – Entry Price vs Exit Price • Application to and fair value for ….. Non-financial assets -> Highest and Best Use (HBU) • Application to and fair value for ….. Liability & Entity’s Own Equity Instruments – including the following: – General Principles – Liabilities and equity instruments held by other parties as assets – Liabilities and equity instruments not held by other parties as assets • Application and considerations specific to Financial Instruments, including: – Inputs based on bid and ask prices – Offsetting positions in market or counterparty credit risk • Relevant Examples and Case studies : | 10:00:00 | 13:00:00 | KALESHWAR PRASAD Y N | 3.00 | |
Day 10 | ||||||
Day 11 | ||||||
Day 12 | ||||||
Day 13 | ||||||
Day 14 | ||||||
Day 15 | ||||||
04-05-2024 | Insights on how to deal with some of the key practical application issues including the following: (a) Effect of restriction on sale or transfer of security – on fair value measurement (b) Valuation Premium / Discount (c) Whether the entity needs to specifically identify market participants? (d) Whether a related party can be the market participant? (e) Fair valuation of unquoted equity securities (f) Fair valuation of assets acquired in a business combination • Key Presentation and disclosure requirements • Ind-AS vs. IFRS vs. US GAAP – Overview of Differences • Relevant Examples and Case studies : | 10:00:00 | 13:00:00 | CA.Mohan R Lavi | 3.00 |