International Financial Reporting Standards for the Real Property Appraiser

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.

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

• 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
• AI and other professionals seeking CE hours
• Financial analysts
• Accountants
• Auditors

• Recognize the purpose of international financial reporting and the basis for commonly prepared financial statements.
• Identify the parts of IFRS that affect the valuation profession, including the use of common standards, terminology, and definitions.
• Identify the procedures for conducting fair valuation of fixed assets for financial reporting.
• Identify the procedures for conducting a test for asset impairment.
• Address problematic issues in working within IFRS.
• Apply knowledge using international case studies.

None

Yes, 2 hours

Intermediate

Attend: 150 AI Points,  Attend and Pass Exam: 200 AI Points,  Pass Only: 0 AI Points

13 hours

No

Table of Contents and Overview
Course Schedule

• A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
• You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
• Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
• For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
• HP-12C calculator User’s Manual.

None specified

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.

• Wiley Interpretation and Application of International Financial Reporting Standards, 2022 edition, John Wiley and Sons Inc., 2022.

• All IAS and IFRS standards used in this course can be obtained online at www.ifrs.org.

• The Appraisal of Real Estate, 15th edition. Chicago: Appraisal Institute, 2020.