Post membership qualification by ICAI in Valuation

7/28/2019 Post membership qualification by ICAI in Valuation

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I C A I V i s i o n

R e c o g n iz e t h e c h a n g e s in E c o n o m y / B us i n e s sE n v i r o n m e n t s u c h a s f o c u s o n v a l u e , dynamicb u s i n e s s a n d o r g a n i z a t i o n s t r u c t u r e s ,d e ve lop m e n t s in I n f o r m a t i on Te c h n o l o g y andTe l e c o m m un i c a t i on , n e w G o v e r n m e n t p o l ic i e s ,g l o b a l i z a t i o n o f b u s i n e s s a n d c o m p e t i t i v e

pressures.

R e c o g n i z e t h e path t o s u c c e s s b y adapting t o t h ec h a n g e s , k n o w l e d g e m a n a g e m e n t and acq uir in gsk i lls t o w or k w ith f u t u r e e n v i r o n m e n t in f l u e n c e db y t e c h n o l o g i c a l and o t h e r c h a n g e s .

R e c o g n iz e t h e o p p o r t u n i t i e s f o r C h a r t e r e dA c c o u n t a n t s in th e emerging a r e a s s u c h a s n e wa u d i t a n d a s s u r a n c e n e e d s , p e r f o r m a n c e

m e a s u r e m e n t s e r v i c e s , m a n a g e m e n t s e r v i c e s ,s t r a t e g y m a n a g e m e n t , g e n er al p ra ct ic es p e c i a l i z a t i o n and servicing glob a l o r g a n i z a t i o n s .

R e c o g n iz e t h e Ins t i t u t e ' s r ole a s a proactive,i n n o v a t i v e and f lex ib le o r g a n i z a t i o n , in e q u i pp i ngC ha rtered A c c o un t a n t s w i t h t op quality e d uc a t i onand v a l u e s .

R e c o g n i z e t h e n e e d t o b e k n o w n a s W or ld C la ssAdvisor


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C o u r s e O b j e c t i v e

T h e c o m p le x it ie s i n b u s in e s s a r er i s in g i n t h e f a s t c h a n g in g f in a n c ia l

w o r l d t o d a y . I t i s b e c o m i n g

in c r e a s in g ly d if f ic u l t t o p r e d ic t t h e

f u tu r e , y e t f in a n c ia l d e c is i o n s o u g h t

t o b e t a k e n . T h e s o u n d n e s s o f

f in a n c ia l d e c is io n s i s c r i t ic a l t o t h e

s u c c e s s o f c o rp o ra ti o n s . T h e re fo re ,

e v e r y f in a n c ia l d e c i s io n i s te s te d i n

t e r m s o f v a l u e c r e a t i o n . T h e

v a lu a ti o n i s t h e e p i c e n te r o f f in a n c ia ld e c is io n - m a k in g .

T h e o v e r a ll g o a l o f th is c o u r s e i s t o

b u i l d s k i l l s and im p r o v e q u a l i ty &

c o n fi d e n c e o f t h e m e m b e r s i n

c a r r y i n g o u t v a lu a tio n a s s ig n m e n t

r e l e v a n t t o t o d a y 's b u s i n e s s . G i v e n

t h e c u r r e n t g l o b a l s c e n a ri o , i t h a s

b e c o m e e x tr e m e l y im p o r ta n t f o r u s t o

understand w h a t v a lu e means, m o res o a s v a lu e b e c o m e s p e r v a s iv e e v e n i n

a c c o u n t i n g w i t h t h e p o s s ib i l i ty o f

I F R S i m p l e m e n t a t i o n i n t h e

f o r e s e e a b l e f u tu r e .

T h i s c o u r s e p r o v i d e s a f r a m e w o r k f o r

b u s i n e s s v a lu a ti o n and g iv e s p r a c t i c a l

a d v ic e o n u s in g t h e f r a m e w o r k t o

v a lu e a b u s i n e s s . T h e c o u r s e i s

b a l a n c e d b e t w e e n l e c t u r e s ,

p r e s e n t a t i o n s , c a s e s , a n d

d i s s e r t a t i o n s . T h e fo c u s i s o n

i n t e g r a t i n g k e y a p p r o a c h e s a n d


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m e th o d s f ro m e a c h a r e a and a p p l y in g

t h e m t o r e a l w o r ld p r o b l e m s .

S t a r t i n g w i t h t h e b a s i c u n d e r -

standing about t h e t e rm Va l u e , t h e

c o u r s e r u n s t h r o u g h t h e k e y

a p p r o a c h e s o f v a lu a ti o n d i s c o v e r i n g

t h e u n d e r l y i n g a s s u m p t i o n s o f

v a r io u s m o d e l s , a s w e l l a s b e s t

p r a c ti c e s , and th e ir a p p li c a t i o n s i n

l i v e c a s e s . O n c e t h e o p e ra ti o n a l

k n o w l e d g e is g a in e d , i n t h e w id e r a n g e

o f v a lu a t i o n s to o ls , t h e s a m e i sa p p li e d t o c a s e s tu d i e s . T h i s i s a n

in t e n s iv e and c o m p r e h e n s iv e p a c k a g e

o f f a c e - t o - f a c e s e s s i o n s f a c i l i t a te d b y

e x p e r ie n c e d and r e n o w n e d f a c u lt i e s .

T h i s c o u r s e s e e k s t o e m p o w e r o u r

m e m b e r s a s le a d e r s i n g lo b a l s e r v ic e

marke t .

T h e o b je c ti v e o f t h e C o u r s e i s

T o e n a b l e t h e m e m b e r s t o g a in

acumen, e x p e r t i s e and in-depth

k n o w l e d g e i n p r o c e s s o f v a lu a ti o n

o f a l l k in d s i n c l u d in g :

B u s in e s s V a lu a tio n

S h a re V a lu a tio n

A s s e t V a lu a tio n

B r a n d V a lu a ti o n

G o o d w i l l V a lu a tio n

I P R V a lu a tio n

V a l u a t i o n o f o th e r

in t a n g ib l e s

V a lu a tio n o f markt o

marke t l o s s e s /p r o f i t s

D e r iv a t iv e s


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S e c u r i t i z e d i n s t r u m e n t s

i n c l u d i n g m o r t g a g e b a s e d

s e c u r it ie s

L i a b i l i t i e s Evaluation

E S O P /O p t i o n V a lu a tio n

V a l u a tion for f inancia l

reporting in terms of Indian

Accounting Standards ,

International Financial

Reporting Standards and US

GAAP including assessment

of fair value, Basel II r e q u i r e m e nt

s fo r B a n k i n gS e c to r .

A l l o th e r k in d o f s p e c i a li z e d

V aluations

T o e m p o w e r t h e m e m b e r s w i t h

t h e t e c h n i c a l s k i l l s a s w e l l a s

a n a l y ti c a l and d e c i s io n - m a k in g

d i s c r e t i o n i n t h e v a l u a t i o n

a s s ig n m e n t ;

T o p r o v id e t h o ro u g h k n o w l e d g e

o f t h e g lo b a l b e s t p r a c ti c e s a s

w e l l a s p r o c e d u r a l and

d o c u m e n t a ti o n a s p e c t s o f t h e

v a l u a t i o n a s s ig n m e n t ;

T o e n a b l e m e m b e r s t o c a r r y

o u t v a lu a t i o n a s s i g n m e n t s

u s in g a v a r ie t y o f t e c h n i q u e s

and e x p r e s s a n opinion o n t h e

v a lu a ti o n ;


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T o p r o v id e e x p e r t i s e o n t h e l e g a l

and r e g u la t o r y f r a m e w o r k o f t h e

v a lu a ti o n i n t h e c r o s s - b o r d e r /

d o m e s t i c t r a n s a c ti o n s ;

T o e n a b l e m e m b e r s t o act a s

r e g i s t e r e d a p p r o v e d v a l u e r s

p r o v i d i n g a d v i s o r y , fi n a n c i a l ,

c o n s u lt a n c y s e r v i c e s i n terms o f

v a lu a ti o n .

Apart from giving a comprehensive

theoretical grounding, this course

is designed to strengthen theexpertise and excellence of our

members through multiple case

studies across the industry and

service sectors like

pharmaceuticals, retail,

manufacturing, banking, insurance,

mining, infrastructure, private

equity valuation, real estate and

cross-border transactions.


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Pa r t i c u l a r s Pa g e N o .

R eg i s ter i n g for th e C o u rs e 1 -2

C o u rs e C o n ten ts 3 - 1 0

Frequently A ske d Q ue s t i ons 1 1 - 1 6

R eg i s tra t i o n Form 1 7 - 1 9

C on ta ct D eta i ls 2 1 - 4 2


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R e g i s t e r i n g f o r t h e C o u r s e

W h o is E ligib le ?

M e m b e r s o f t h e IC A I and s tu d e n ts

w h o h a v e c le a r e d th e ir C A f i n a l

examination.

H o w to Register?

C a n d i d a t e s h a v e t o fi l l i n t h e

R e g is tr a tio n Form a v a i l a b le h e r e in o r

a t t h e w e b s it e o f t h e In s t i t u t e and

submit t h e c o m p le te d fo rm b ym a i l f o r t h e p u r p o s e o f r e g i s t r a t i o n

w i t h o u t a n y f e e .

W h en to Register?

Please refer to our

Fees will be paid on the spot on the

commencement of the course at the

venue itself.

W e b s i t e : h t tp : / / w w w . i c a i - o r g /p o s t . h tm l ?

p o s t_ i d = 3 4 2 8 & c _ i d = 2 6 6 )

F e e S t r u c t u r e

At p rese n t , the f ee p a y a b l e is :

(a ) R eg i s tra t i o n F e e

R s . 2 5 0 0 0 /- ( R u p e e s T w e n ty f iv e

th o u s a n d o n ly ) in c lu d in g t h e

f e e s / p r ic e f o r b o o k s and f i r s t

e v a lu a t i o n f e e . F o r D e lh i , M u m b a i ,

C h e n n a i a n d K o l k a t a .

R s . 2 0 0 0 0 /- ( R u p e e s T w e n ty

th o u s a n d o n ly ) in c lu d in g t h e

f e e s / p r ic e f o r b o o k s and f i r s t

e v a lu a t io n f e e . F o r o th e r c it ie s .


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1

1

1

(b ) E xa m ina t ion F e e

N i l f o r t h e F i r s t Evaluation

and thereafter R s . 1 0 0 0 /-

e a c h t i m e i f a c a n d i d a te i sr e q u ir e d t o r e - a p p e a r fo r

a n y s u b s e q u e n t Evaluation Test.

1


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N ote :

P l e a s e n o te t h a t R e g is tr a tio n f e e o n c e

p a id i s n o n -r e fu n d a b le under a n y

c ir c u m s ta n c e s and t h e In s t i tu t e w i l l

n o t e n te rt a in a n y c o r r e s p o n d e n c e i n

th is r e g a r d .

Pa y m e n t f o r t h e C o u r s e c a n b e m a d e

i n f a v o u r o f T h e S e c r e t a r y ,

I n s t i t u t e o f C h a r te re d

Accountants o f India on the spot by

cheque payable at par or demand

draft.

A d dr ess for Correspondence

Corporate Laws & Corporate

Governance Committee Secretariat

4th, Floor, Administrative Block,

The Institute of Chartered

Accountants of India

ICAI Bhawan, Plot A-29, Sector 62,

NOIDA 201309,

Dist: Gautam Budh Nagar

UTTAR PRADESH

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C o u r s e C o n t e n t s

T h e C o u r s e o n V a lu a tio n s h a ll b e

c o m p r i s e d o f t h e f o l l o w i n g f o u r

m o d u le s

Module 1 - O v e r v i e w o f V a lu a tio n

Module 2 - V a lu a tio n T e c h n iq u e s

Module 3 - C o rp o ra te L a w s &

Income T a x

Im p lic a tio n s

Module 4 - A p p l i c a t i o n o f

V a lu a tio n

T e c h n iq u e s & P r o je c t

Pr e s e n ta ti o n .

D e ta il e d C o u rs e C o n te n ts

Module 1

Overview o f Va l u a t i o n

Part-1Introducing valuation

W h a t i s v a lu e

D if fe re n t ia te p r ic e and v a lu e

Who v a lu e s b u s i n e s s e s

P u r p o s e and r o l e o f a v a lu a tio n

P r in c ip le s o f v a lu a tio n

D e f in i t i o n o f S ta n d a rd o f v a lu e

( b a s is o f v a lu a t i o n )

F a i r M a rk e t v a lu e

F a i r v a lu eIn v e s tm e n t v a lu e

In t r in s ic v a lu e

P r e m is e o f v a lu e

Going c o n c e r n

Liquidation

V a lu a tio n m y t h s

V a lu a tio n p r o c e s s

3


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V a l u a ti o n S ta n d a r d s

E th i c a l I s s u e s

T e rm s o f Engagement

(T O E )

V a lu a tio n S e r v i c e s

D o c u m e n ta ti o nV a lu a tio n R e p o rt

A s s u m p t i o n s & L im i t i n g

Conditions

R e p o r t in g G u id e l in e s

Using w o r k o f Expert

D r a f t in g t h e V a lu a ti o n

R e p o r t

S u b s e q u e n t Events

Pa r t 2

Va l u a t i o n Analysis

R e s e a r c h t e c h n i q u e s andplanning

E c o n o m y and in d u s tr y r e s e a r c h

Historical a n a l y s is

U n d e rs t a n d in g t h e b u s in e s s

U n d e rs t a n d in g t h e

R e g u l a to r y f r a m e w o r k f o r

t h e in d u s tr y

U n d e r s t a n d in g t h e v a lu e

d r iv e r s

A c c o u n t in g a n a l y s i s

A c c o u n t i n g p o lic y r e v ie w

L e n g th o f f in a n c ia l h is to r y

A d j u s tm e n ts t o f in a n c ia l

s ta t e m e n ts

A s s e ts and l i a b i l i t y a n a ly s i s

in c lu d i n g c o n t i n g e n t a s s e t s

and l i a b i l i t i e s

Income and e x p e n s e s

a n a ly s i s

F i n a n c ia l a n a l y s is

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Ratio a n a ly s is

Cash f l o w a n a ly s is

S tr a t e g y a n a l y s i sM i c h a e l Po r te r ' s F i v e F o r c e s

S W O T

P E S T

B C G matrix

G E /M c K in s e y matrix

ADL matrix

C o re c o m p e t e n c i e s

C o m p a n y r is k a n a ly s is

P r o s p e c t i v e a n a l y s i s

f o r e c a s t i n gT e c h n iq u e s and e le m e n ts o f

f o r e c a s t i n g

D u Po n t m o d e l and

l im i t a t io n

S e n s it iv i ty a n a l y s is

S c e n a ri o a n a l y s is

S im u l a t i o n

R e g r e s s io n a n a l y s i s

T im e s e r ie s m o d e l

S tr e s s testing

O t h e rs

F in a n c ia l p ro je c tio n m o d e l in g

T y p e s o f D u e d i l ig e n c e

Effect o f d u e d il i g e n c e o n

v a lu a ti o n

Part-1

Module 2

Va lu a t i o n Techn i q ue s

Valuation Approaches

D i s c o u n te d c a s h f lo w (D C F )

a p p r o a c h

E n te rp ri s e v a lu e

Equity v a lu e

A d j u s t e d p r e s e n t v a lu e

(A P V )

R e l a t i v e v a l u a ti o n a p p r o a c h

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P r ic e t o e q u i t y ( P E R ) andP E G

P r ic e t o b o o k

P r ic e t o s a le s

P r ic e t o c a s h f lo w

E n t e rp r is e v a lu e t o

E B IT D A

Income a p p r o a c h

E a rn in g c a p it a li z a ti o n

E V A (E c o n o m i c V a lu e

a d d e d )

A s s e t A p p r o a c h

R e a l option a p p r o a c h o r

c o n ti n g e n t c la im a p p r o a c h

Selection o f v a lu a ti o n a p p r o a c h

A s s ig n in g W e ig h t t o A p p r o a c h e s

T h e o r y and P r a c ti c e

Mathematical v e r s u s

S u b je c t i v e W e ig h ti n g

V a lu a tio n o f O p ti o n s

G e n e r a l P r in c ip le s o f O p t i o n

V a lu a tio n

S p e c i f ic method f o r Va lu in g

O p ti o n s

Binomial t r e e method

B S O P M

B l a c k & S c h o l e s v a lu a ti o n

M e th o d o l o g y

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Part-2

Cost of capital

Characteristics of cost ofcapital

R i s k and c o s t o f c a p it a l

M e th o d s o f D e v e l o p m e n t o f

c o s t o f c a p it a l

C A P M (C a p it a l A s s e t

P r ic in g M o d e l)

A P T ( A r b it r a g e P r i c in g

T h e o r y )

D D M ( D i v id e n d D i s c o u n t

M o d e l)D e v e l o p m e n t o f W ACC

Fa c to rs a f f e c t in g c o s t o f

c a p it a l

T h e o r y o f M o d i g l i a n i - M i l l e r

Im p a c t o f F i n a n c ia l L e v e r a g e

o n C o s t o f C a p it a l

F o r e c a s t i n g o f in t e re s t ra t e s

and th e o rie s o f in t e re s t ra te s

A d ju s tin g v a lu e th r o u g h

d is c o u n ts and p re m iu m s

C o n tro l p re m iu m

L O C D ( la c k o f control

d is c o u n t)

L O M D ( la c k o f

marke t a b i l i t y d is c o u n t)

O t h e r p re m iu m s and

d is c o u n ts

B u s in e s s d a m a g e s v s . B u s in e s s

v a lu a ti o n

V a lu a tio n i n s p e c ia l s itu a t io n s ;

1 . V a lu a tio n o f u n lis t e d s h a r e s

2 . V a lu a tio n o f d is t r e s s e d

c o m p a n y

3 . V a lu a tio n o f e a r ly s ta g e

c o m p a n y

4 . V a lu a tio n i n M & A

5 . V a lu a tio n i n b u y - s e ll

a g re e m e n t

6 . V a lu a tio n o f In v e s tm e n t

C o m p a n y

7 . V a lu a tio n o f In t a n g ib l e s

8 . V a lu a tio n f o r f in a n c ia l

re p o rti n g under IF R S

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9 . V a lu a tio n o f r e a l a s s e ts and

r e a l e s ta t e

1 0 . V a lu a tio n f o r c r o s s b o r d e r

m e r g e r s

1 1 . V a lu a tio n o f b o n d s , w a r r a n t sand c o n v e r t i b le s

Module 3

C o r p o r a t e L a w s & I n c o m e Ta x

i m p l i c a t i o n s

Part-1

Corporate Laws Aspects

M e r g e r s and A m a lg a m a ti o n s

D e - M e r g e r s

A c q u is i t io n s / d i s p o s a l o fb u s i n e s s / s lu m p s a l e

Liquidation

In t e r n a l & E x te r n a l

R estructuring

Legal aspects including

litigation and c o n ti n g e n c ie s

V A T and o th e r in d ir e c t

t a x e s

F in a n c i a l in s tr u m e n ts

Equity in v e s tm e n ts

Pre f e re n ti a l s h a r e sC r o s s B o r d e r T a x a ti o n I s s u e s

Implication o f S ta m p D u ty

R e g u la t o r y o v e r v i e w

R e g u la t i n g V a l u e r s /V a lu a t io n

P r o f e s s io n a l s

S E B I re g u la ti o n s in c lu d in g

T a k e o v e r C o d e

C a p it a l M a rk e t Controls

R e s e r v e B a n k R e g u l a ti o n s

Part-2

Income Tax implications

C a p it a l g a in s / l o s s e s under

t a x tr e a tm e n t

T a x a ti o n o n transfer o f

b u s in e s s / s e c u r i t i e s

T r e a t m e n t o f b u s i n e s s l o s s e s

S ta tu to ry V a lu a tio n

W ealth T a x

C a rr y f o r w a r d o f l o s s e s

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L o s s e s o f c lo s e ly

h e ld c o m p a n i e sT r a n s fe r p r i c in gi s s u e s

E S O P

Module 4

A pp l i ca t i o n o f v a l u a t i o n

tec h niq ues & Pr o j e c t

Pres e n ta t i o n

M u l t i p le c a s e s tu d i e s a c r o s s

in d u s tr i e s /s e c to r s l i k e

P h a r m a c e u ti c a l, R e ta i l ,

M a n u f a c t u ri n g , B a n k in g ,

In s u r a n c e , A v ia ti o n , M in in g ,

In f r a s t r u c t u re , p r iv a te e q u i ty

v a lu a ti o n , r e a l e s ta te etc.

Evaluation o f P r o je c t th r o u g h

Dissertation and/or v iv a -

v o ic e /p r e s e n ta t io n

9


17/28

F r e q u e n t l y A s k e d Q u e s t i o n s ( F A Q s )

C erti f ic ate C ou rse o n Va l u a t i o n

1 . W h o is elig ib le to jo i n t h i s

Course?

A l l t h e m e m b e r s w o u ld b e

e l i g ib le t o jo in t h e C o u r s e . T h e

s tu d e n ts w h o h a v e c le a r e d th e ir

C A . f in a l e x a m i n a ti o n c a n a ls o

j o i n t h e c o u r s e . T h e

C o m m i tt e e r e s e r v e s t h e ri g h t

t o p e r m i t o t h e r s i n c l u d i n g

Government o f f ic i a ls t o jo in

th is c o u r s e o n t h e terms &

c o n d it io n s th a t i t m a y d e c id e .

2 . W h e r e t h i s C o u rs e w i l l b e

l a u n c h e d ?

T h is c o u r s e w i l l b e l a u n c h e d a t

N e w D e lh i Mumbai, K olkata,

C h e n n a i , H y d e r a b a d , P u n e ,

A h m a d a b a d and i n o th e r c i t i e s

a s m a y b e d e c i d e d b y t h e

C o m m i tt e e .

3 . W h e n w i l l t h e C l a s s e s

C om m en ce ?

The C o m m i t te e reserves

t h e right t o f ix d a te s for

commencement, keeping i n

m i n d t h e n u m b e r o f

R e g i s t r a t i o n s a n d o t h e r

f a c to r s .

4 . W h e r e w ill th e c l a s s e s b e

co n d uc ted ?

T h e C o m m it te e w i l l a n n o u n c e

t h e v e n u e a t t h e t i m e o f

confirmation o f R e g is tr a tio n

o r a t l e a s t 7 d a y s b e f o r e t h e

c o m m e n c e m e n t o f t h e c o u r s e .

5 . W h a t w ill b e th e d ura t i o n o f

th e classes?

C l a s s e s will generally be held

f r o m 10:00 A.M . t o 0 5 :0 0

P

. M . onw e e k e n d s S a tu r d a y s / S u n d a y s .

H o w e v e r, t h e C o m m i tt e e

r e s e r v e s th e r i g h t t o r e -

s c h e d u l e t h e p ro g ra m m e as

wellastimings f o r a n y c e n tr e o r a l l

t h e c e n te r s .

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6 . Whether th e p a r t i c ip a n t s ,

w h o a r e r e g is te r e d a t o n e

c e n t r e , w i ll b e allowed to

j o i n c l a s s e s a t a n o t h e r

centre?

T h e p a rti c ip a n ts r e g is t e r e d a t

o n e c e n tr e w i l l b e a llo w e d t o

a tt e n d t h e c l a s s e s a t a n o th e r

c e n tr e i f t h e c o r r e s p o n d i n g

c l a s s e s a r e g o in g o n a t t h a t

o th e r centre.

7 . W h a t w ill b e th e d ura t i o n o f

th e Course?

T h e d u r a ti o n o f t h e c o u r s e w i l l

b e 3 0 0 H o u rs c o m p r is in g o f :

SelfS tu d y - 2 0 0 hours

C l a s s ro o m te a c h in g - 5 0

hours

C a s e S t u d y i n Groups

and p r o je c t p re p a r a tio n -

5 0 hours

8 . W h a t w ill b e th e Overall

S c h e m e for th e C er t i f i ca te

C o u rs e o n Va l u a t i o n ?

T h e c a n d i d a t e s r e g i s t e r e d f o r

t h e C o u r s e w i l l h a v e t o a tt e n d

t h e c l a s s e s o n

S a t u r d a y s / S u n d a y s .

A c a n d i d a te w i l l h a v e t o a t t e n da m i n im u m o f 4 5 hours o f

c l a s s e s f a i l in g w h ic h , h e w i l l n o t

b e e n t i t l e d t o a p p e a r i n

e v a l u a t i o n te s t . H o w e v e r, t h e

C o m m i t t e e m a y , a t i t s

d is c re ti o n , a l lo w t h e c a n d i d a te

t o a p p e a r i n t h e n e x t s e s s i o n ,

( n o t a s a right), b u t s u b je c t t o

s u c h terms & c o n d it io n s a s i t

m a y d e e m f i t t o e n f o r c e

T h e c a n d i d a t e s w i l l b e r e q u i r e d

t o d e v o te t i m e t o t h e s e lf - s tu d y

and c a s e s tu d y g iv e n t o t h e m .

Participants w i l l b e g r o u p e d

( w i th n o t m o re t h a n 5 c o u r s e

p a r ti c ip a n ts i n o n e g r o u p ) f o r

p r e p a r in g t h e c a s e s tu d y and

p r o je c t report. T h e y w i l l b e

r e q u ir e d t o d e v o t e s p e c i f i e d

n u m b e r o f hours ( s e e C o u r s e

d u r a ti o n a t 7 a b o v e ) t o Self-

st

u d y a n d c a s e st

u d y fo ra p p e a r i n g a t t h e Evaluation

Test.

T h e y w i l l b e e x p e c te d t o p r e p a r e

c o m p r e h e n s i v e p r o j e c t c a s e

s tu d ie s and submit t h e m t o o u r

e v a l u a t i o n t e a m f o r a p p ro p ri a te

m a r k s a l l o c a t i o n t o b e

c o n s i d e r e d a s p a rt o f t h e o v e r a ll

e v a lu a t i o n p r o c e s s .

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9 . W h a t w ill b e th e C o u rs e

fe e for t h i s C er t i f i ca te

C o u rs e o n Va l u a t i o n ?

T o ta l a m o u n t to b e p a id f o r

th is C e r t i f i c a t e C o u r s e o n

V a lu a ti o n i s R s . 2 5 0 0 0 / -

( R u p e e s T w e n t y f i v e

t h o u s a n d o n l y ) f o r

D e lh i , M u m b a i , C h e n n a i

a n d K o lk a ta T h i s a m o u n ti s i n c l u s i v e o f

f e e /p r i c e o f reference

book and f i r s t e v a lu a t i o n f e e

p a y a b le a t t h e t i m e o fR egistration.

T o ta l a m o u n t to b e p a id f o r

th is C e r t i f i c a t e C o u r s e o n

V a lu a ti o n i s R s . 2 0 0 0 0 / -

( R u p e e s T w e n t y

t h o u s a n d o n l y ) for other cities.T

h i s a m o u n t i s i n c l u s i v e o f

f e e /p r i c e o freference book

and f i r s t e v a l u a t i o n f e ep a y a b le a t t h e t i m e o f

R egistration.

1 0 . W h a t w i l l b e t h e

E v a l u a t i o n process?

P a r t i c i p a n t s w h o h a v e s

u c c e s s f u l l y c o m p l e t e d

C o u rs e m o d u le s a r e e l i g ib le t o

a p p e a r a t t h e EvaluationTest. A Board of E v a l u a t o rs

w i l l e x a m i n e and e v a lu a te t h e

p r e s e n ta ti o n , d is s e rt a tio n and

R e p o r t o f t h e C a s e s t u d y

a llo tt e d t o t h e g r o u p o f

participants. E a c h p a r tici p a n to f t h e g r o u p w i l l a l s o b e

e v a l u a te d

i n d i v i d u a l l y . A d e q u a t e

c o n s id e ra t io n i n i n d i v i d u a l

e v a l u a t i o n w i l l b e g i v e n t o


20/28

t h e performance, conduct and

t h e quality o f t h e o u t c o m e

o f t h e g r o u p t a s k . A c tu a l

marks s e c u r e d w i l l n o t b e

d is c lo s e d t o t h e

p a r t i c i p a n t s a n d

O n l yS u c c e s s f u l c a n d i d a te s ' name

w i l l b e d e c l a r e d . I n c a s e a

c a n d id a t e h a s t o r e - a p p e a r

f o r evaluation, a s s e s s m e n t

shall be done on

i n d i v i d u a l b a s is o n ly and

s u c h a participant m a y n o t

b e a llo w e d t o jo in a n o th e r

g r o u p f o r c a s e s tu d y

p u r p o s e .

1 1 . W h a t w ill b e th e

Perio d ic i ty o f

E x a m in a t i o n s ?T h e Commit tee reserves the

ri g h t t o decide periodicity ofexaminations.

1 2 . W h a t w ill b e th e

E ligib i lity to q ua l i f y forth e e v a l u a t i o n t e s t ?

T h e C o m m i t t e e r e s e r v e s

t h e r i g h t t o fo rm u la te t h e

criterion f o r t h e a s s e s s m e n t

o f q u a l it y , le v e l o f k n o w l e d g e

and e x p e r t i s e o f t h e

p a r ti c ip a n ts and its e v a l u

a t i o n b y B o a r d

o f E v a lu a to r s . T h e

p r o je c t re p o rt s p r e p a r e d a s

c a s e s tu d y w i l l b e h a v i n gm a x i m u m e v a l u a t i o n l e v e l

o f 1 0 0 and t h e

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W r i t t e n o b j e c ti v e cum w r i t e u p

t e s t will a l s o h a v e e v a l u a ti o n

l e v e l o f 1 0 0 . E x i s t i n g

e x p e r i e n c e w i l l a l s o b e

c o n s i d e r e d a s a n im p o rt a n t

p a r a m e te r. Participants a r e

e n c o u r a g e d t o s h a r e t h e i r

a c tu a l r e a l t i m e v a l u a t io n c a s e

s tu d ie s a fte r obtaining consent

o f th e ir c li e n ts , w h e r e n e e d e d .

C a s e S tu d ie s o n n o name b a s is

w i l l also be acceptable. T h e

d a t a b a s e o f c a s e s tu d ie s w i l l b e

a v a i la b le t o t h e

V a l u e r s G u i ld t h r o u g h w e b - a c c e s s i n d u e

c o u r s e o f t i m e .

1 3 . I s there any l imit on the

number o f at te m pts for th e

e v a l u a t i o n t e s t ?

There w i l l b e n o l i m i t o n t h e

n u m b e r o f a tt e m p ts f o r t h e

e v a l u a t i o n t e s t . T h e

r e a p p e a r a n c e f e e f o r e a c ha tt e m p t w i l l b e R s . 1 0 0 0 / - . T h e

c a n d id a te w i l l b e a ll o w e d t o r e -

a p p e a r for the evaluation test o n ly

after six months of the

p r e v i o u s a t t e m p t .

T h e case study marks will be

c a r r i e d f o r w a rd f o r c a lc u la t i n g

p a s s marks.

1 4 . H o w many participants w ill

b e a d m itte d a t each Centre?

A batch w i l l h a v e a m i n im u m4 0 p a r ti c ip a n ts and a m a x im u m

o f 1 0 0 participants.

1 5 . W h e t h e r B a c k g r o u n d

M ater ia l w ou ld b e pro v id ed

to th e participants?

A l i s t o f R e f e r e n c e b o o k s w o u ld

b e p r o v id e d t o t h e participants,

w h ic h the p a rt ic ip a n ts w i l l b e

e x p e c te d t o s tu d y f o r d e e p e runderstanding o f t h e c o n c e p ts .

A l l t h e s e b o o k s a r e a v a i l a b le i n

t h e C e n tr a l C o u n c il L ib ra r y ,

In s t i t u t e Head Quarter, and

New D e lh i and a t t h e

R e g io n a l C o u n c il L i b r a r y a t

Mumbai, C h e n n a i , K o lk a t a a n d

P u n e .

Participants a r e e x p e c te d t o d o

e x te n s i v e self study for which,

either b e f o r e and/or d u ri n g t h e

s e s s i o n s , B o o k s w o u ld b e

p r o v i d e d t o t h e c a n d i d a t e s t o

s u p p o rt t h e le a rn in g p r o c e s s .

I t m a y b e c l e a r l y u n d e r s t

o o d t h a t v a lu a tio n i s a

h ig h e n d e d and p r a c t i c a l

a r e a o f t e c h n i c a l

e x p e r ti s e and i s c o n ti n u o u s l y

e v o lv i n g i n t h e e v e r c h a n g in g

e c o n o m i c s c e n a r i o . N o

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r e f e r e n c e b o o k o r b a c k g r o u n d

m a t e r i a l c a n p r o v i d e s u c h

c o m p r e h e n s i v e p r a c t i c a l

k n o w l e d g e w h i c h w o u l d b e

in c u l c a te d i n t h e p a r ti c ip a n ts

t h r o u g h t h e e x p e r t f a c u l t y ,

g r o u p b a s e d l e a r n i n g ,

i n t e r a c t i o n a m o n g s t

participants, l i v e c a s e s tu d y .

1 6 . Whether a C erti f ic ate w i l l b e

g i v e n on completion of the

Course?

O n successful completion

of t h e C o u r s e , a c e r t i f ic a te w i l l

b e a w a r d e d t o t h e participants.

1 7 . W ho w i l l b e th e faculty for

t h i s course?

E m i n e n t C h a r t e r e d

A c c o u n t a n t s a n d o t h e r

p r o f e s s i o n a l s i n p r a c ti c e and

i n d u st

r y , e m i n e nt

a c a d e m i c i a n s fr o m I I T ,

U n i v e r s i t i e s a n d t o p

m a n a g e m e n t i n s t i t u t i o n s

in c lu d i n g I I M s w i l l b e in v i t e d

t o le c tu re and in t e ra c t w i t h t h e

participants.

1 8 . I s a s e n i o r m em b er o f th e

p ro fe s s i o n h av i n g expertise

in v a lua t i o n , ex em p ted fro m

th e C la s s e s ?

V e r y s e n io r m e m be r s o f

the p r o f e s s io n w h o h a v e

a l r e a d y e s t a b li s h e d their

excellence in v a lu a tio n e x e r c is e

m a y s e n d c o p ie s o f a t l e a s t 1 0

v a lu a ti o n s

(W ith o u t d is c lo s in g t h e

id e n tit y o f c l i e n t s /e n t i t i e s )

o f g o o d q u a l i t y t o

t h e E v a l u a t i o nDirectorate, who may , at its

d is c re ti o n , f u l l y o r p a r ti a ll y

e x e m p t t h e m f r o m c l a s s r o o m

s t u d y . T h e d e c i s i o n o f

Evaluation Directorate s h a l l b e

fi n a l i n th is r e g a r d .

1 9 . H ow th i s course w i l l he l p th e

candidates?

Me m b e r s c o m p l e t i n g t h ec o u r s e w i l l i m m e n s e l y b e

b e n e f i t e d ou t of the

course , w h i l e implementing fair

value c o n c e p t i n fo rm i n g a n

opinion o n f in a n c ia l

a c c o u n ts under IF R S . T h i s

c o u r s e w i l l p r o v i d e a n in-depth

and c o m p r e h e n s iv e k n o w l e d g e

o f th e o re ti c a l a s w e l l a s

p r a c t i c a l a s p e c ts o f v a l u a t io n a t

n a ti o n a l and i n te rn a ti o n a l

le v e l .


23/28

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2 0 . K e y a r e a s o f V a l u a t i o n

Mentioned herein a r e certain

k e y a r e a s w h e r e v a l u a ti o n p la y sa k e y r o l e and q u a lif ie d v a l u e r s

w h o u n d e rg o th is c o u r s e a r e

e x p e c te d t o act a s e x p e r t s f o r

i s s u i n g a n i n d e p e n d e n t

v a lu a ti o n report. M e m b e r s i n

t h e i n d u s t r y c a n u t i l iz e

t h e s e t e c h n iq u e f o r in t e rn a l

d e c is io n making.

i ) S e l l - s id e and b u y - s i d e

mandate

i i ) Going p u b li c - I P O

i i i ) Going p r i v a te - L B O and

M B O

i v ) C o rp o ra te r e s tr u c tu r in g

and t u rn a ro u n d

v ) S e c u r e d l e n d i n g

in c lu d i n g p r o je c t f in a n c e

v i ) S e c u r it iz a ti o n

v i i ) I m p l e m e n t a t i o n o f

B a s e l I I

v i i i ) F in a n c ia l D e r i v a ti v e s

i x ) Po r t fo l i o m a n a g e m e n t-

Mu t u a l fu n d , H e d g e

f u n d s and p r o f e s s io n a l

i n v e s t o r s

x ) L o n g t e rm and m e d iu m

t e r m i n v e s t m e n t

d e c is i o n s - M& A , ta k e o v ers ,

s t r a t e g i c i n v e s t m e n t s ,

fi n a n c i a l i n v e s t m e n tin c lu d i n g e x it

( d i s i n v e s t m e n t )v a l u a t i o n , c a p i t a l

b u d g e ti n g , p r iv a te e q u i t y

i n v e s t m e n t , v e n t u r e

c a p i t a l i n v e s t m e n t s ,

b u y b a c k o f s h a r e s and

others

x i ) P r o fi t a n d d i v i d e n d

distribution d e c i s io n .

x i i ) B o r r o w i n g d e c is io n s

x i i i ) F i n a n c i a l r i s k

management d e c is io n s

x iv ) C o u r t c a s e r e l a t e dv a lu a ti o n

x v ) T a x r e l a te d v a lu a ti o n

x v i) D e v e l o p m e n t p r o j e c t s

v a lu a ti o n

x v i i ) In t a n g ib l e s

x v i i i ) F in a n c ia l r e p o rt in g

v a lu a ti o n

x ix ) Equity r e s e a r c h a r e a

x x ) I n s u r a n c e p r o d u c tv a lu a ti o n

x x i) E s t a t e a n d p e r s o n a l

f in a n c ia l planning

x x i i ) C o rp o ra te planning

x x i i i ) P r o p e r t y v a l u a ti o n

x x iv ) V a lu e b a s e d p e r f o rm a n c e

measurement

x x v ) Credit ra t in g

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7

T H E IN S T IT U T E O F C H A R T E R E D A C C O U N T A N T S O F IN D IA

C E R T IF IC A T E C O U R S E O N V A L U A T IO N

R e g is tr a tio n F o rm

1 ) F u l l N a m e in b lo ck le tt e rs (a s p e r In stit u te re co rd s)

Firs t Name

Midd le Name

Surname

Fathers/Husbands Name:2 ) G e n d e r (put mark)

M a le Fem ale

3 ) M e m b e r D e ta ils :

a ) Membe rsh ip Numbe r

b) Membersh ip sta tus (put mark)

A ff ix re ce ntpassport s ized

photograph

AC A FCA

c) Pract ice/Industry/others d) Any other Qua l i f ica tions

4 ) P ro fe ss io n a l D e ta ils :

a ) D e s ig n a t io n

b ) O rg a n i za t io n

c) A d d re ss

d ) N a tu re o f D u ti e s

e ) E x p e rie n ce in V a lu a tio n

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5 ) A d d re s s fo r C o rr e s p o n d e n ce

a) House Num ber

b) S t r ee t / Road

c ) A rea

d) Ci ty / Town

e) P IN code

f ) S ta te

6 ) C e n tre o p te d : N e w D e lh i/ M u m b a i/ C h e n n a i/ K o lk a ta / K a n p u r/ H y d e r a b a d / p u n e /B a n g a lo r e / C o im b a t o re / A h m e d a b a d

(P l ease g i ve the Opt i on)

7 ) P h o n e N o . M o b i l e n o .

w ith S T D co d e

8 ) e -m a i l a d d re s s --- O f f ic i a l

P e rs o n a l

D a te :

P l a c e : ( S i g n a t u r e o f t h e a p p l i c a n t )

Note :

1. Fees Structure : Rs. 25000 for Delhi, Mumbai Chennai and Kolkata. Rs 20,000 for other cities (Including the

fees/price for reference book first evaluation fee, lunch, tea, snacks etc.) for the complete course.2. Enclose One Passport Sized Photograph.3. Enclose self attested photocopy of the Institute I-card or Membership letter or Membership Certificate.

4. Fees to be paid on the spot in the name of The Secretary, The Institute of Chartered Accountants of India payableby cheque payable at par or by demand draft on the starting of the course at the venue.

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7

A c k n o w l e d g m e n t( for o f f i ce use on ly)

We acknowledge the receipt of the Registration Form for the Certificate Course on

Valuation from Mr. / Ms...........................................................................

on . . .. . . / . .. . . . . / 20 --- l ongw i t h t he Demand Dra f t / Pay O rde r

no..forRupees.................................

Date :

Noda l O f f ic e r

P la ce : C e rtif ica te Cou rse on Va lu ation

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Post membership qualification by ICAI in Valuation

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Transcript of Post membership qualification by ICAI in Valuation