Appraisal Foundation Webinar on Fair Value & Financial Reporting

The Appraisal Foundation announced a Webinar on March 16, 2011, at 1:00p (ET) on Fair Value and Financial Reporting issues for appraisers.

The cost is $20 and you can register here.

Discussion will focus on the following:

  • An orientation for participants on how the accounting standards are relevant to appraisers and their practice
  • The definition of fair value.
  • The roles of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).
  • An update on the current status of US accounting standards and the timeline for convergence.
  • The current requirements for valuers under financial reporting standards.
  • The various valuation disciplines which are involved in financial reporting and how they interact.
  • Practical examples to illustrate financial reporting valuations and how they can be applied in professional valuation practice.

Scheduled presenters on the webinar include:

  • David Wilkes, Partner, Huff Wilkes Attorneys and Immediate Past Chair of The Appraisal Foundation, Tarrytown, New York
  • Robert Schlegel, International President, American Society of Appraisers, and Principal, Houlihan Valuation Advisors, Indianapolis, Indiana
  • Anthony Aaron, Americas Leader, Quality and Risk Management, Valuation and Business Modeling,
    Ernst & Young LLP, McLean, Virginia, and
  • Don Dorchester, Senior Managing Director, Dispute Analysis-Litigation Support, Financial Reporting, Valuation & Advisory, Cushman & Wakefield, Prescott, Arizona.
  1. Accountants are focused on the convergence of FASB and IASB, but appraisers should similarly be focused on the implications of all of this for real estate valuation. I would suggest that the appraiser of the future is going to look a lot more like an accountant than he/she does today. As such, this seminar may very well be a great first step.