Published on: 14-Jul-2015
The Nanyang Business School (NBS) at Nanyang Technological University (NTU) and the Institute of Singapore Chartered Accountants (ISCA) have launched Singapore’s first professional business valuation course.
The five-day programme will help auditors, accountants and finance managers master the art and science of assessing a company’s fair value for financial reporting.
The ISCA-Nanyang Business Valuation for Financial Reporting programme will be offered two to three times a year, with the first run commencing on 24 August 2015.
Supported by the Institute of Valuers and Appraisers of Singapore (IVAS), an institute under the Singapore Accountancy Commission (SAC), the executive training course is part of Singapore’s plan to become a leading global accountancy hub for Asia by 2020.
Mr Lee Fook Chiew, Chief Executive Officer of ISCA, said: “Business valuation has come into the spotlight in recent times as international standards for fair value assessment take shape amid an increasingly volatile and complex business environment. We are pleased to offer this vital programme in partnership with Nanyang Business School.
“The ISCA-Nanyang Business Valuation for Financial Reporting programme will complement the Singapore Qualification Programme and other professional development initiatives in enhancing the competency and aptitude of accountancy professionals. It also enhances diversity in the talent pool by enabling accountancy professionals to provide a high value-adding specialised service such as business valuation.”
Prof Ravi Kumar, Shaw Chair Professor and Dean of Nanyang Business School, said: “Business and asset valuation has become increasingly important in the CPA world and it is important for business valuation practitioners to stay current with best practices in the field. This new course will enhance the decision-making skills of professionals who will play an active role in the next phase of the accountancy sector’s growth and development.”
The ISCA-Nanyang programme will focus on valuation for financial reporting purposes. It will provide participants with a conceptual framework and process for determining the fair value of a company, which is often complicated by intangible assets, employee share options and financial instruments.
On top of knowledge about the various valuation approaches and methodologies, the course will equip participants with practical tools and techniques for real world use.
Mr Uantchern Loh, Chief Executive of SAC, said: “The joint programme between ISCA and NTU will, over time, help to raise the bar for professional competency in the area of business valuation amongst accountants. SAC is delighted to support this programme.”
The course will be taught by Associate Professor Low Buen Sin, associate dean at Nanyang Business School; Mr Eric Teo, IVAS chairman and executive director of Ernst & Young’s transaction advisory services group in Singapore; and Mr Lie Kok Keong, deals partner and head of the valuation and merger & acquisition practices of PwC Singapore.
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Feisal Abdul Rahman
Senior Assistant Director (Media Relations)
Corporate Communications Office
Nanyang Technological University
Tel: (65) 6790 6687
Institute of Singapore Chartered Accountants
Tel: (65) 6597 5608
Institute of Valuers and Appraisers of Singapore
Tel: (65) 6325 0514
About Nanyang Technological University
A research-intensive public university, Nanyang Technological University (NTU) has 33,000 undergraduate and postgraduate students in the colleges of Engineering, Business, Science, and Humanities, Arts, & Social Sciences. It has a new medical school, the Lee Kong Chian School of Medicine, set up jointly with Imperial College London.
NTU is also home to world-class autonomous institutes – the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre on Environmental Life Sciences Engineering – and various leading research centres such as the Nanyang Environment & Water Research Institute (NEWRI), Energy Research Institute @ NTU (ERI@N) and the Institute on Asian Consumer Insight (ACI).
A fast-growing university with an international outlook, NTU is putting its global stamp on Five Peaks of Excellence: Sustainable Earth, Future Healthcare, New Media, New Silk Road, and Innovation Asia.
NTU’s main campus at Yunnan Garden has been named one of Top 15 Most Beautiful in the World. It also has a campus in Novena, Singapore’s medical district.
For more information, visit www.ntu.edu.sg.
About Nanyang Business School
Consistently ranked among the world’s premier business schools, we have been nurturing leaders for business and public service, advancing global management knowledge and practice for over 50 years. Being fully integrated into Nanyang Technological University, we draw on the strengths of one of Asia’s most comprehensive research-intensive universities to provide holistic, interdisciplinary business education. We believe that responsible and culturally sensitive leadership in business and government is crucial to securing a sustainable future for a globalised world. Through teaching and research, we groom culturally intelligent leaders who pursue lasting success that seeks not only economic profit, but also the interests of the community and environment.
For more information, please visit www.nbs.ntu.edu.sg
About the Institute of Singapore Chartered Accountants
The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a globally recognised professional accountancy body, bringing value to our members, the profession and wider community. There are over 28,000 ISCA members making their stride in businesses across industries in Singapore and around the world.
Established in 1963, ISCA is an advocate of the interests of the profession. Possessing a Global Mindset, with Asian Insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards Singapore’s transformation into a global accountancy hub.
ISCA is the Administrator of the Singapore QP and the Designated Entity to confer the Chartered Accountant of Singapore - CA (Singapore) - designation.
ISCA is an Associate of Chartered Accountants Worldwide – supporting, developing and promoting over 325,000 Chartered Accountants in more than 180 countries around the world.
For more information, visit www.isca.org.sg.
About the Institute of Valuers and Appraisers of Singapore
Established under the umbrella of the Singapore Accountancy Commission, the Institute of Valuers and Appraisers of Singapore seeks to foster professional excellence in the areas of business valuation through the development of competency frameworks, the promotion of professional valuation standards, setting ethical and professional standards of practice, contributions in thought leadership, research and development, the provision of quality education and training curriculum, and professional qualification and certification in business valuation.
Through these initiatives, the Institute of Valuers and Appraisers of Singapore will seek to broaden the talent pool and deepen the expertise of business valuers, uphold the public trust in the role they perform and enhance the reputation of the business valuation profession in the region.
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