Fair Value Accounting has become a key tool not only for local government worldwide but also national governments. This is becoming relevant or urgent for many working in this field. For example, the UK requires compliance with the emerging International Financial Reporting Standards by 2013.
What is Fair Value Accounting?
Fair Value of Fair Price is about valuing an asset correctly regardless of market conditions or similar assets. It is a method of gaining a clear picture of what assets you actually have, how much they are worth and what your capital requirements are likely to be to retain their performance.
As the UK prepares itself for the migration to Fair Value, David Edgerton will be hosting a series of 6 workshops across the UK in the Autumn. Please click here for more information. FREE PLACES for IAM Members...
The next issues of Assets Magazine will feature an article on Fair Value.
Useful Downloads
Accounting for non-current assets
Road Infrastructure 2012-13 Transition
Transitional arrangements for IFRS valuations
