CIPFA Certificate in Asset Valuation Brochure

Certificate
in Asset
Valuation
cipfa.org
About the course
This CIPFA Asset Valuation Certificate will provide
you with a better understanding of the requirements
and process of undertaking local authority asset
valuations for financial statements. It will take you
through a series of four modules, ranging from why
the valuations are required, the relevant rules and
regulations, valuation approaches to be deployed and,
depreciation accounting. Plus a lot more!
The process of undertaking asset valuations for land and buildings for 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, 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
• By undertaking this course you will be able to:
– Understand 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 frequency,
componentisation, lease classification, impairment etc.
– Understand the key requirements of the RICS Valuation Professional
Standards insofar as they relate to local authority asset valuations for
accounting purposes, together with associated practical examples and tips.
– Understand the key requirements of the International Standards on Auditing
as adapted for the UK and gain practical tips for a smoother audit process
2
Who is the course aimed at?
• Professionals requiring expertise in undertaking local authority asset valuations
for financial statements.
• Those with existing knowledge or experience seeking a structured refresher.
• Those attracted to achieving a CIPFA accredited certificate demonstrating their
understanding of undertaking local authority asset valuations.
It will also be of interest to:

• Local authority finance professionals that want to broaden their understanding of
the valuation process
• 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 capital accounting purposes
3
Course outline
The course is delivered over 4 modules, described below:
Module 1
Rules of the Game

• First Principles • The nuts and bolts
– Purpose of asset valuations – Valuation frequency
– Key accounting requirements – Valuation date
– Asset categories – Market review
– Asset registers – Project management
• Valuation basis • Local Audit
– Basis of measurement – The role of local audit
– Valuation approaches – Local audit review
– Top tips!
Module 2
The Valuation Process

• Professional standards • The Valuation process
– Ethics, skills and standards – The valuation programme
• Sustainability and valuation • Valuation outputs
– Valuation reports and moderation
Module 3
Focus on valuation
• Basis of ‘measurement’ for asset – Depreciated Replacement Cost
category groups – Existing use value – social
• Valuation approaches – market, housing
income and cost • Residual Valuation approach (for
• Valuation methods including highest and best use assessment)
and sensitivity analysis
– Comparable
– Incomeinvestment and profits
method
Module 4
Lessee accounting, depreciation and componentisation

• Lessee accounting • Component accounting
• Service concession arrangements • Impairment
• Depreciation • Market update and wider utilisation
– Income, investment and of valuation work
profits method’
4
Duration Pricing
The CIPFA Certificate in Asset Delegates who are part of the CIPFA
Valuation is completed over four Property Training Network (PTN) pay
days of live on-line learning with £1,400 +VAT Delegates who are
sessions delivered in partnership with not members of the CIPFA PTN pay
Jones Lang Lasalle, the RICS, the £1,600 +VAT
CIPFA Finance Network and CIPFA
The course fees include: Tuition and
Standards Department.
all course materials and certification.
The course will also introduce you to
Assessment
staff at CIPFA who you will be able
The course is assessed at the end to contact into the future with your
of each module through multiple valuation queries.
choice tests.
Accreditation How to book
On successful completion of the course, Search for course dates and

you will receive a CIPFA Certificate in location details at:
Asset Valuation. www.cipfa.org/assetvaluation
Or phone:
CPD
Keeley Forsyth on 020 7543 5884
The training counts towards your
continuing professional development
(CPD). If you are a member of the Royal
Institution of Chartered Surveyors, Any questions
this course will count towards up to
Please contact:
19 hours of formal training.
[email protected]
This course
carries
19
CPD hours
5
About us
Why train with CIPFA?
CIPFA has a long history of delivering
outstanding training to finance professionals
and public service leaders in the UK and
across the world.
As the only professional body exclusively

for people in public finance, we understand
the market challenges and are committed to
providing the best training and development
tools to support practitioners at all levels of
public service, throughout their careers.
77 Mansell Street, London E1 8AN

+44 (0)20 7543 5600
The Chartered Institute of Public Finance and Accountancy.

Registered with the Charity Commissioners of England and Wales No 231060.
Registered with the Office of the Scottish Charity Regulator No SC037963.
cipfa.org
08/2022

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Certificate

It will also be of interest to:

Rules of the Game

The Valuation Process

Lessee accounting, depreciation and componentisation

Accreditation How to book

On successful completion of the course, Search for course dates and

As the only professional body exclusively

77 Mansell Street, London E1 8AN

The Chartered Institute of Public Finance and Accountancy.

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