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Certificate in Asset Valuation - Winter 2022

CIPFA Property image: a series of buildings

Event summary

This CIPFA Asset Valuation Certificate will provide you with a better understanding of the requirements and process of undertaking local authority asset valuations for financial statements. It will take you through a series of four modules, ranging from why the valuations are required, the relevant rules and regulations, valuation approaches to be deployed and, depreciation accounting.  Plus a lot more!

Date

Starts:
24 Nov 2022 10:00
Ends:
15 Dec 2022 16:00

Standard price

£1,600.00 excl VAT

Network Member Price

£1,400.00 excl VAT

Book now

About this event

The process of undertaking asset valuations for land and buildings for local authority accounting purposes is not easy: It’s a niche area and is rarely something that a valuer will have been trained in during their qualification process. As accounting regulations change, interpreting and keeping up to date with the various regulations and standards to ensure compliance can be a tricky and time consuming task. Any misinterpretation can become embedded into locally accepted practice making for an uncomfortable audit process. 

This course will not only provide you with a CIPFA accredited qualification, but is designed to help you: 

  • Understand regulations and requirements around undertaking local authority asset valuations 
  • Equip you with the tools required to undertake valuations on the relevant basis and using the various approaches available  
  • oversee local authority asset valuations undertaken by members of your team or by external valuers  
  • commission your asset valuation programme 
  • gain an improved understanding of local audit  

How will I benefit?

 

By undertaking this course you will gain 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 including bases of value, valuation frequency, componentisation, lease classification, impairment etc., and associated practical approaches, including the key changes arising from IFRS16 
  • RICS Valuation Professional Standards and the International Valuation Standards insofar as they relate to local authority asset valuations, together with the associated practical approaches. 
  • International Standards on Auditing as adapted for the UK and gain practical tips for a smoother audit process 

 

Who should attend?

 

The course is aimed at delegates 

  • Professionals requiring expertise in undertaking local authority asset valuations for financial statements 
  • already holding some knowledge or experience of the topic area who are looking for a structured refresher 
  • attracted to achieving a CIPFA accredited certificate demonstrating their understanding of undertaking local authority asset valuations. 

The course will also be useful to 

  • local authority finance professionals that want to broaden their understanding of the valuation process and/or 
  • non valuation property professionals that oversee the valuation process or simply want to learn more about it. 
  • Auditors and auditor’s valuers seeking to improve their understanding of property valuation for local authority accounting purposes 

Course Format

 

4 modules carried out via live webinar with sessions delivered in partnership with Jones Lang Lasalle, the RICS, the CIPFA Finance Network and CIPFA Standards Department. 

To receive the CIPFA Asset Valuation Certificate delegates must complete all four training days and demonstrate adequate understanding as assessed at the end of each module through multiple choice tests. 

 
 

Topics

  • Accounting
  • / Local government
  • / Property
  • / Value for money

Speaker - Donna Best, Property Advisor, CIPFA

Donna Best

Donna joined CIPFA in March 2020. She is a member of the RICS and Registered Valuer, with extensive experience in the property industry and local government. In recent years she has delivered strategic services and property team management in the public sector.