Business Valuation in Practice
About This Course
By the end of the course, participants will be able to :
(i) understand and explain the key concepts of accounting and finance relating to business valuation;
(ii) understand the business valuation landscape and developments, and explain the role that valuation plays in the financial and corporate world;
(iii) understand the competences, role and behaviour of business valuers, and the code of ethical principles and competency framework;
(iv) differentiate various terms, basis and premises of value and their implication to the valuation outcome;
(v) understand and explain the valuation context, concepts, principles, and the IVS and their application to the conduct of valuation;
(vi) describe and adopt a valuation process which is undertaken in a transactional and/or financial reporting environment;
(vii) understand the reporting requirements and identify the key components of a business valuation report;
(viii) outline the distinction between corporate and share market valuation, valuing business and equity, and understand the securities and exchange regulations and financial reporting requirements relating to business valuation;
(ix) perform business valuation through the application of the various valuation approaches/methods commonly used by practitioners and arrive at an outcome that is theoretically sound and defensible in practice; and
(x) identify and address the contemporary issues and challenges surrounding business valuation such as the application of various discounts and premiums, role of intangible assets (and intellectual properties) and consideration of ESG matters etc.
What You'll Learn
As business valuation is deeply anchored in corporate activities, regulators have increasingly stepped up their presence and involvement in this practice area, particularly on matters relating to professionalism, and compliance with code and standards. In the conduct of business valuation, the International Valuation Standards (IVS) as developed by the International Valuation Standards Council (IVSC) is being applied by valuers in more than one hundred countries. IVSC is a global valuation standards setter and membership body that works to promote and grow the valuation profession worldwide. The Institute of Valuers and Appraisers of Singapore (IVAS) (under the auspices of the Accounting and Corporate Regulatory Authority (ACRA)), that certifies business valuers in Singapore, is a member of the IVSC. Business valuers certified by IVAS are designated as Chartered Valuers and Appraisers (CVA) and will need to comply with the IVS and the code of ethical principles issued by IVSC, when conducting their work in the marketplace.
Entry Requirements
A good Bachelor's or Juris Doctor degree in Law