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| Venue | Online - Microsoft Teams |
| Date | Thursday 25th August 2022 |
| Time | 09:30 - 12:30 |
| Information | In this session we will look at:
- the IASB project on the discount rates in IFRS 13 IAS 36 IAS37 and IAS 19.
a) The Board’s Agenda Consultation on the research project on discount rates
b) The objective and focus of the project
c) Measurement basis in IFRS Standards
d) The Conceptual Framework
e) The research findings on the project
f) Discount rates application in IAS 36-Impairment of Assets in deriving an asset’s value in use
g) The determination of the discount rate via the WACC incremental borrowing rate or other market rates
h) The WACC (Weighted Average Cost of Capital) and its components
i) Analysis of risk in terms of systematic and unsystematic risks
j) Discount rates application in IAS 37-Provisions Contingent Liabilities and Contingent Assets in the determination of a provision
k) Discount rates application in IFRS 13-Fair Value Measurement focusing on the Income Approach in terms of a valuation technique
l) The approaches to (K) above will focus on the two types of Present Value (PV) techniques namely:
1) The Discount Rate Adjustment Technique; and
2) The Expected Present Value Technique
m) Discount rates application in IAS 19 – Employee Benefits in the calculation of defined benefit plans and how the actuarial method under the Projected Unit Credit Method makes use of discount rates to determine service costs interest expense (income) and plan liabilities valuation.
n) Matters identified and to be followed up as a result of the Research Project on Discount rates
- the IBOR reform and IFRS 9 Amendment
a) Definition of IBOR
b) Reasons for reforms
c) The types of Risk-free rates
d) IASB Phase 2 approach to the IBOR Reform
e) Phase 2 amendments
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| Presenter |
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| CPD Units | 3 units on full attendance |
| Seats Left | 20 |
| Price | Rs 4000 |
| Booking Deadline | Thursday 25th August 2022 |
| Map | View Map |
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