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Introduction to Valuation for Financial Reporting
Date:
February 19, 2010, Fri., 8:15 a.m. - 4:30 p.m.
Location:
Fort Lauderdale, FL
Seminar
Category
General [Gen]
Level
Basic
Attendance Hours
7.0
Current Price
$ 150.00
Member
*
$ 175.00
Regular
*
* SAVE! early registration
Instructor
Micheal R. Lohmeier, MAI, SRA
Location
Name
Courtyard by Marriott
Address
2440 West Cypress Creek Road
City
Fort Lauderdale
State
FL
Click Here
to check state approvals
Sponsor / Contact
Chapter
South Florida
Website
www.southflorida-ai.org
Contact Name
Judy Curtis
Email
sfchap@bellsouth.net
Phone
(954) 229-0499
Fax
(954) 229-0498
Description
This seminar introduces real estate appraisers to the relevant body of knowledge, issues, terminology, and valuation practices involved with valuation for financial reporting (VFR) including fair value (mark to market). Participants will discover what they should know about VFR and understand how they would be involved in providing real estate appraisals for VFR purposes. By the end of the seminar, participants will understand how VFR purposes are a natural extension of valuation services that they are currently providing.
Developed for the experienced practicing general appraiser, the content is intended for professionals who have little or no experience in valuation for financial reporting. It is assumed that the attendees will come from a wide-range of background experiences. The material provides a foundation in financial reporting and encompasses perspectives from those that prepare, use and govern the practice of preparing financial reports.
Content
Recognize evolution of valuation for financial reporting.
Gain an understanding of what financial reporting is, the basis of commonly prepared financial statements, and recognize common terminology surround valuation assignments prepared for financial reporting use.
Gain an understanding of the role real estate appraisers can play in providing ethical and competent real estate appraisal services for financial reporting use.
Understand what mark-to-market (i.e. fair value accounting) is?
Recognize the organizations that are standard-setters for financial reporting and those that oversee their activities.
Gain a general understanding of some of the pertinent standards and rules that encompass valuation in financial reporting work.
Appreciate the role of the auditor and the reliance an auditor and organization management would place on a real estate appraiser.
Appreciate the nuance between the scope of work required for preparing valuation reports for financial reporting use and other assignments.
Recommended Text
Fair Value for Financial Reporting: Meeting the New FASB Requirements
, Alfred King (2006) (Available through Wiley or Amazon)
International Valuation Standards
, Eighth edition 2007
The Appraisal Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site:
www.nasba.org
.
Disclaimer
Cancellation Policy
Up To 15 days prior to program start date, $50.00 cancellation fee.
7 - 14 days prior to program start date, $75.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.
Program Material Policy
Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, a call tag will be issued for the return of this material. A registration refund will not be issued until the material has been returned. A few seminars allow for the purchase of program material. Contact the offering sponsor for more information.
Cancel Offering, $75.00 material fee (if keeping program material).
Cancellations/Refunds: Requests for cancellations must be received in writing at the chapter office. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Direct your email requests to: sfchap@bellsouth.net.
The South Florida Chapter of the Appraisal Institute is not responsible for students' non-refundable airline reservations or other travel expenses. The Chapter reserves the right to cancel, limit, or reschedule the program and to change faculty assignments and facility locations at any time.
Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the South Florida Chapter at 954-229-0499 to inform them.
Course Attendance: One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements.
State Certification: Students should contact their specific state to determine current education approval and requirements. Please follow the link above under locations to verify certification in your state.
Continuing Education Credit: 7-Hours, Appraisal Institute and Florida Real Estate Appraisal Board, 0008561.
ADA Policy: If you have a disability and may require special accommodation, please notify us in writing at least two (2) weeks in advance and we will arrange for reasonable accommodation.
Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
Additional Information
Location: Courtyard by Marriott 2440 West Cypress Creek Road Fort Lauderdale, FL 33309
Course Schedule: Registration/Class, Friday, February 19, 2010: 8:15 a.m. – 4:30 p.m.
Hotel Accommodations: Courtyard by Marriott, 954-772-7770 at $89 per night, includes breakfast. Mention the Appraisal Institute when reserving a room. Register early! Thirty (30) days prior to arrival date.
Directions: Fort Lauderdale Airport (12 miles north): Exit the Airport following direction signs to I-95 North. Proceed North on I-95 to Cypress Creek Road WEST, Exit 33B. Proceed west off of the Exit 1.9 miles. The hotel is located on the left hand side of the road. Estimated taxi fare: $42.00 (one way).
Miami International Airport (37 miles north): Merge onto Airport Expressway/FL-112 E toward I-95 N/ BEACHES (Portions toll). 4.4 miles and take the I-95 South exit toward DOWNTOWN. 0.2 miles. Merge onto I-95 N via the exit on the LEFT toward FT. LAUDERDALE/ORLANDO approximately 29.1 miles. Exit on Cypress Creek Road WEST, Exit 33B. Proceed west off of the exit 1.9 miles. The hotel is located on the left hand side of the road. Estimated taxi fare: $70.00 (one way).
Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the South Florida Chapter at 954-229-0499.
NO ADDITIONAL COURSE MATERIALS WILL BE AVAILABLE AT THE CLASS.
Courtyard by Marriott-Cypress Creek
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