Two valuable free video resources available for BVWire—UK readers

BVWire–UKIssue #12-1
March 3, 2020

fair value for financial reporting
goodwill, fair value, fair value measurements, goodwill impairment, impairment testing, financial instruments

Michael Badham, executive director of the International Institute for Business Valuation (iiBV) alerted BVWire—UK that their panel discussion on valuing financial instruments has become their single most popular program, reaching 10,000 views last week. It’s a worthwhile discussion between Justin Burchett, managing director, Stout New York; Srividya Gopalakrishnan, managing director and Southeast Asia Leader, Duff & Phelps, Singapore; Kumar Dasgupta, technical director of financial instruments, IVSC London; and Nicolas Burdeau, partner, Deloitte, Paris. The iiBV’s Valuing Financial Instruments webcast is available here. The International Institute of Business Valuers provides training on business valuation topics for accounting, consulting, and valuation professional organisations. Contact Michael Badham for information on these options.

In addition, the IVSC have released a free webinar panel discussion covering key issues in the ongoing debate about the treatment of acquisition-related goodwill. Accounting rule makers across the globe are slowly reviewing the idea of ending the current goodwill impairment model and reverting back to amortisation. A panel of international business valuation experts discussed this during the IVSC’s Annual General Meeting in Singapore. A 54-minute video of the discussion is now available, with Andreas Ohl (PwC), Kevin Prall (BDO), Eugene Hsiao (CFA Institute), Tatsumi Yamada (IVSC), and Wiley Pun (Savills).

As reported in BVWire—UK previously, the IVSC have put out two exceptional papers on this matter. The first paper concludes that goodwill is not a wasting asset, a conclusion supported by empirical evidence. The second paper concludes that, while the current impairment model’s ability to predict future performance has been inconsistent, reverting back to amortisation would only make matters worse.

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