Stock valuations took a one-time shock in the first quarter of 2019, possibly because of the new lease accounting standards from the Financial Accounting Standards Board, according to an article in the Wall Street Journal.
The IVSC’s International Valuation Standards have been adopted by more than 100 countries. Important components of the extensive recent update include guidance on deriving discount rates and a new section on complex financial structures.
The new RICS Valuation—Global Standards (generally known as the ‘Red Book’) come into effect on 31 January and replace the edition issued in 2017.
January 2020 Hardcover, PDF
Business Valuation Resources, LLC
While hotels are a business and as such may be appraised as any other business would be, there are some distinguishing factors that valuation experts need to consider. As with any business being valued, each case will be different, and there may be other tangible and intangible assets to consider for your subject hotel.
The latest revisions to the IVSC’s International Valuation Standards, having completed the lengthy public comment and review process, become effective 1 January 2020.
BVWire—UK received a number of responses to the last issue’s coverage of a new study that suggests a possible reduction in forecasted profits as companies adapt IFRS 16.
The next SAV Fiscal Forum will be held on Tuesday, 25 February 2020, commencing at 1 p.m.
IFRS 16, now in effect, has been called many things, and an excellent new analysis by The Footnotes Analyst supports a new conclusion: Lease-heavy companies may increasingly see their profits suffer as they comply, particularly if lease liabilities are inflation-linked.
The FASB has voted to delay the effective dates for private companies and certain other entities for the standards on accounting for leases, credit losses (known as CECL), and hedging.
Most of the analysis of the IASB’s IFRS 16 rule on lease accounting, which went into effect in January 2019, has been from the audit and accounting side.
‘Some jurisdictions have acted unilaterally, some have made failed attempts, while some have adopted a “wait and see” approach,’ the current issue of Bloomberg BNA’s Transfer Pricing Forum says.
For the first time, the International Valuation Standards (IVS) include guidance for valuers whose engagements require that the entire enterprise value be allocated across various classes of economic or control rights.
The Big Four firm has contributed financial and staff support to IVSC since the organisation was founded, but now it’s aligning professionally with the need for harmonised standards in the form of the IVS.
Equity values should remain unchanged, but enterprise values increase under IFRS 16 lease accounting rules, which went into effect Jan. 1, 2019, for many companies, according to two new reports from KPMG and Deloitte.
The Financial Accounting Standards Board (FASB) has outlined a new philosophy under which it plans to extend and simplify effective dates for private companies, smaller public companies, not-for-profit organizations, and employee benefit plans.
Business valuers who comply with the IVSC’s International Valuation Standards (IVS) will have a new update effective the end of the year.
Business Valuation Resources (BVR) recently launched a free ezine that follows the business valuation profession and its expanding role in regulatory, fiscal, contentious, and compliance valuations in the United Kingdom.
UK business valuers who are already members of (or well familiar with) RICS, might get a sense of deja vu from the news that The European Group of Valuation Associations (TEGoVA) held the first meeting of the business valuation standards committee in Dubrovnik last week.
‘Nonfinancial liabilities is one area where very little if anything has been published by any other valuation body,’ says Andreas Ohl, chair of the IVSC Business Valuation Board.
Various efforts to set standards for the valuation of financial instruments have been attempted, but ‘investors, regulators, chartered accountants, and the banks are unified since the last financial crisis,’ says Gavin Francis, HSBC’s chief accounting officer in London and past technical director of the IASB.
Brand Finance became the first brand valuation consultancy to join the International Valuation Standards Council (IVSC).
The Appraisal Standards Board of The Appraisal Foundation recently published the Summary of Actions, which is an overview of the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
The Appraisal Standards Board, an independent board of The Appraisal Foundation, adopted unanimously the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
On April 5, the Appraisal Standards Board (ASB) will lead a discussion about the fourth exposure draft proposals for the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).