PTN The Mysteries of Asset Valuation Explained - York

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Event summary

This brand new CIPFA Asset Valuation event is intended to provide an entry level introduction to and high level understanding of the requirements and process of undertaking local authority asset valuations for financial statements.

Further dates and locations are detailed below and the programme schedule can be downloaded for further event details and timings.

Date

07 March 2018
Starts: 10:00
Ends: 16:00

Location

Principal York Hotel
Station Road
York
North Yorkshire
YO24 1AA
[See map]

Standard price

£375.00 excl VAT

Network Member Price

£325.00 excl VAT

*the event has started.

About this event

The process of undertaking capital asset valuations for land and buildings in the local authority balance sheet is not easy. Interpreting the various regulations and standards to ensure compliance can be a tricky and time consuming task, with numerous pitfalls for the unwary.

Any misinterpretation can become embedded into locally accepted practice making for an uncomfortable audit process.

Who should attend

The event is aimed at valuers and finance professionals that are new to this area and want to gain a non-technical introduction to the topic that will provide:

  • an understanding of the key requirements of the CIPFA Code of Practice on Local Authority Accounting insofar as it relates to valuations for the balance sheet and related disclosures
  • an understanding of the key requirements of the RICS Valuation – Professional Standards and the International Valuation Standards insofar as they relate to local authority asset valuations.

For those new to this area, the whole thing can be a little daunting, with so much terminology and seemingly impenetrable language within valuation and accounting standards. This event will cut through that language and help you to grasp what the standards expect.

If you are returning to this area of work after a break this event will be the perfect refresher, to bring you fully up to date with changes to the standards that you need to know about.

Through a combination of presentations and discussion this brand new series of capital valuation events has been designed to cut through the language of the various accounting and valuation standards and provide practical tips at a level and at a pace that will help those new to the area.

 

There will be plenty of opportunity throughout the day for delegates to ask questions and raise issues around any of the concepts we will be covering.

Learning objectives

This event will benefit those new to the process of producing or commissioning local authority asset valuations for financial statements, including:
  • valuers and/or graduates who are being introduced to the world of assets valuations for local authority accounts for the first time
  • valuers that are getting back into asset valuations after a break and want a quick refresher
  • finance staff who are new to capital accounting and will have responsibility for managing the valuation commissioning process and ensuring that the resulting valuations meet current regulations and standards.
When undertaking your asset valuation programme you need to:
  • satisfy yourself that your procedures and approaches are the best they can be
  • be happy that you have correctly interpreted the relevant accounting and valuation standards.

By attending this event delegates will be sure that they are up-to-date with the very latest valuation and accounting standards relating to local authority asset valuations.

Topics

  • Accounting
  • / Accounts closedown
  • / Asset management
  • / Financial reporting
  • / Property

Download programme schedule

PDF 99.71 KB