Certificate in Asset Valuation 2024

About this event

The process of undertaking asset valuations for land and buildings for statutory local authority accounting purposes is not easy: it’s a niche area and is rarely something that a valuer will have been trained in during their qualification process. As accounting regulations change and auditor scrutiny increases, interpreting and keeping up to date with the various regulations and standards to ensure compliance can be a tricky and time-consuming task. Any misinterpretation can become embedded into locally accepted practice making for an uncomfortable audit process.

This course will not only provide you with a CIPFA accredited qualification, but is designed to help you:

• Understand regulations and requirements around undertaking local authority asset valuations.
• Equip you with the tools required to undertake valuations on the relevant basis and using the various approaches available.
• Oversee local authority asset valuations undertaken by members of your team or by external valuers.
• Commission your asset valuation programme.
• Gain an improved understanding of local audit.

Who should attend?

The course is aimed at delegates

• Professionals requiring expertise in undertaking local authority asset valuations for financial statements.
• Already holding some knowledge or experience of the topic area who are looking for a structured refresher.
• Attracted to achieving a CIPFA accredited certificate demonstrating their understanding of undertaking local authority asset valuations.

The course will also be useful to

• Local authority finance professionals that want to broaden their understanding of the valuation process and/or
• Non valuation property professionals that oversee the valuation process or simply want to learn more about it.
• Auditors and auditor’s valuers seeking to improve their understanding of property valuation for local authority accounting purposes.

How will you benefit from attending?

By undertaking this course you will gain an understanding of the key requirements of the:

• CIPFA Code of Practice on Local Authority Accounting insofar as it relates to valuations for the balance sheet and related disclosures including bases of value, valuation approaches, componentisation, IFRS 16, impairment etc.
• RICS Valuation Professional Standards and the International Valuation Standards insofar as they relate to local authority asset valuations, together with the associated practical approaches.
• International Standards on Auditing as adapted for the UK and gain practical tips for a smoother audit process.

Course format

• 4 modules carried out via live webinar with sessions delivered in partnership with Jones Lang Lasalle, the RICS, the CIPFA Finance Network and CIPFA Standards Department.
• To receive the CIPFA Asset Valuation Certificate delegates must complete all four training days and demonstrate adequate understanding as assessed at the end of each module through multiple choice tests.  
• 20 hours CPD.

Module dates

Module 1 - Rules of the Game - Wednesday 13 November  

Module 2 - The Valuation Process - Thursday 21 November 

Module 3 - Focus on Valuation - Wednesday 27 November  

Module 4 - Lessee Accounting, Depreciation and Componentisation - Tuesday 3 December