Red Book Valuations - Bases of Value Uncovered
A basis of value is a statement of the fundamental measurement assumptions of a valuation and valuers must ensure that the basis of value adopted is appropriate for, and consistent with, the purpose of the valuation.
This live broadcast session will provide a detailed look at the 5 IVS definitions and the accountancy definitions as set out in the Red Book.
It will consider the need for defined bases; definitions of bases of value and what they really mean; using the appropriate basis (or bases); and bases of value for financial reporting.
It will be of interest to both practising valuers who may undertake just a few valuations each year and those regularly undertaking Red Book valuations who want to check that they are complying with the latest, newly published version of the Red Book.
What You Will Learn
This live broadcast session will cover the following:
- Why do we need defined bases of value?
- What are the bases of value, how they differ and when might each be used?
- Deciding which is the appropriate basis of value to be adopted
- Valuation bases for accounts (financial reporting) valuations
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.