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International Financial Reporting Standards for the Real Property Appraiser
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Throughout the world,
accounting standards setters are working more closely than ever on investor
transparency and protection projects. Use of fair value in accounting is
growing in many parts of the world, including certain segments of the property
market in the United States. Use of fair value as a standard is likely to
provide many opportunities for commercial real estate appraisers because the
opinions of third party specialists are often obtained to enhance the
credibility and auditability of financial statements.
This practical course
will help valuation professionals understand the parts of the International
Financial Reporting Standards that affect the valuation profession, including
the use of common standards, terminology, and definitions. By working through
international case studies, participants will learn the procedures for
conducting fair valuation of fixed assets for financial reporting and for
conducting a test for asset impairment.
Note. This course is in
the International Valuation of Fixed Assets Professional
Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.
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Program State Approval & Hours
Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.
View all approvals for this course
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All valuation professionals in the United States and around the world who do or wish to do valuation of fixed assets for financial reporting in compliance with IFRS
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AI and other professionals seeking CE hours
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Financial analysts
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Accountants
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Auditors
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Recognize the purpose of international financial reporting and the basis for commonly prepared financial statements.
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Identify the parts of IFRS that affect the valuation profession, including the use of common standards, terminology, and definitions.
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Identify the procedures for conducting fair valuation of fixed assets for financial reporting.
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Identify the procedures for conducting a test for asset impairment.
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Address problematic issues in working within IFRS.
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Apply knowledge using international case studies.
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Appraisal Institute CE Points
Attend: 150 AI Points, Attend and Pass Exam: 200 AI Points, Pass Only: 0 AI Points
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Required and/or Recommended Equipment
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You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.
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- Wiley Interpretation and Application of International Financial Reporting Standards, 2022 edition, John Wiley and Sons Inc., 2022.
Wiley IFRS is an annual publication. International Valuation Standards 2022 (IVS). London: International Valuation Standards Council (IVSC), 2021. - All IAS and IFRS standards used in this course can be obtained online at www.ifrs.org.
Note. Standards are subject to revision and websites may change. - Barron’s Accounting Handbook, 6th ed. Siegel, Joel G., and Shim, Jae K. Hauppauge, New York: Barron’s Educational Series Inc., 2014.
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