FT17 - Day 5 - Fast Track Webinar Series by Dr GKR for IBBI Valuation Exam (SFA) - Batch XVII - 12th MAY 2023 - Friday - 08:30 AM - Fixed Income Securities

Folks,

Herewith I have given below the link for Batch XVII - Day 5 - Presentation made in Fast Track Webinar Series for IBBI Valuation Exam (SFA) on "FIXED INCOME SECURITIES"

FIXED INCOME SECURITIES (7 Marks) + Case Study (6 Marks) Minimum

• Types of fixed income securities: categories of fixed income securities i.e. debt and preferred stocks along with different rights attached to both categories
• Types of debt instruments: sovereign securities; state and local government bonds; semi-government/agency bonds; corporate debt securities; corporate bonds; money market securities in relation to investments (CP, CD, T-Bills); tax free securities; asset backed securities
• Terms used in fixed income securities: fixed income securities; bond indenture; issuer and holder; covenants; maturity; par value, coupon rate, clean price, dirty price; repurchase agreement; yield to maturity, yield to put, yield to call; forward rate and spot rate 
• Bond duration: Macaulay duration, Modified duration, Effective duration, Key duration
• Credit rating of bonds: risk assessment and factors considered in assigning credit rating
• Embedded options for issuer and holder; call/put for repayment; cap and floor on coupon; conversion options; pre-payment options
• Derivative products: types of derivative products; calculation of swap rates; valuation of swaps; accruals on swaps
• Related Fixed Income Money Market and Derivatives Association of India circulars for Non-SLR bonds, Traded bonds, Non-traded bonds-rated, Non-traded bonds-not rated, Floating rate bonds, Staggered redemption bonds, Perpetual bonds, Deep discount bonds, Bonds with call/put options, Tax free bonds, Security receipts/Pass through certificates
• This chapter in IBBI Valuation exam carries 6 to 8 marks | FIMMDA – FAQ on Fixed Income Securities | Master Circular No. DBR No BP.BC.6 /21.04.141/2015-16, dated 1st July, 2015, FIMMDA jointly with PDAI publishes – 29/3/2019 & 31/3/2020 | Bond, Duration, Types of Bond, Bond Holder, Bond Issuer | YTM, YTC, YTP | Credit Rating, Interest Rate Derivatives

1. After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out.
2. Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work

Link for GKR Material on Valuation of Bonds (PDF)

https://drive.google.com/file/d/1FKcBB_ykJhUUp3iacxTue07_6KTEprXV/view?usp=sharing

Link for GKR Excel Worksheet on Valuation of Bonds (Spreadsheet)

https://docs.google.com/spreadsheets/d/1gFPxj_7ThXMOK9jgFalG-4WY5YRc1dSy/edit?usp=sharing&ouid=108789282428673992416&rtpof=true&sd=true

Link for Master Direction on Classification, Valuation and Operation of Investment Portfolio of Commercial Banks - RBI (PDF)

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/81MDBANKS25082021BC0CC10147494B67ADAA6285904566BB.PDF

Link for FAQ on Fixed Income Securities - FIMMDA (HTML)

http://www.fimmda.org/modules/content/?p=1015#b7

Valuation of investments as on 31st March 2023 - FIMMDA (PDF)

https://www.fimmda.org/Uploads/general/FIMMDA_VOI_Circular_for_2023_Updated_as_on_31-03-2023.pdf

Discussion Paper on ECL framework for Provisioning by Banks - RBI (PDF)

https://rbidocs.rbi.org.in/rdocs/Publications/PDFs/DPECL160012023AE79B7B546C94715AA8468B0811096F5.PDF

Registration Link for 6th day FT17 - Fast Track Webinar for IBBI Valuation Exam - 13th May 2023 - Saturday

https://meet.zoho.in/HNU0vuzMNa

Dr GKR

12th MAY 2023

Friday

Dr GKR FB Page has crossed 10K followers

FT17 - Day 4 - Fast Track Webinar Series by Dr GKR for IBBI Valuation Exam (SFA) - Batch XVII - 11th MAY 2023 - 08:30 AM - Option Valuation

Folks,

Herewith I have given below the link for Batch XVII - Day 4 - Presentation made in Fast Track Webinar Series for IBBI Valuation Exam (SFA) on "OPTION VALUATION"

Option Valuation : (Minimum 7 Marks)

• Option valuation: General principles
• Option valuation models: Black and Scholes; Black and Scholes Merton option pricing method; Binomial tree method; Monte Carlo simulation
• Valuation of other financial assets and liabilities: concept of financial and non-financial assets and liabilities; valuation of other instruments like financial guarantees and warranties 
• Options Basics
• Factors influencing Option Valuation and on its changes, its impact in Call & Put Valuation
• Binomial Model; BSM Model

After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out.

Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work

Link for GKR Material on Valuation of Options (PDF)

https://drive.google.com/file/d/1J0AsaQeJzjuuLXqTl78cGp8shMuMRyqf/view?usp=sharing

Link for GKR Excel Worksheet on Valuation of Options using Binomial Model 

https://docs.google.com/spreadsheets/d/1x2mkzSc9VAtBptIWWc7h68tU7gvn5bEE/edit?usp=sharing&ouid=108789282428673992416&rtpof=true&sd=true

ICAI - Technical Guide on Valuation (PDF) - 2021 Edition

https://resource.cdn.icai.org/63028vsb50999.pdf

Valuation Books for Exam Preparation 

Valuation : Professionals Insight - Series 1 - ICAI (PDF)

https://resource.cdn.icai.org/51396vsb41086.pdf

Valuation : Professionals Insight - Series 2 - ICAI (PDF)

https://resource.cdn.icai.org/54236vsb43545.pdf

Valuation : Professionals Insight - Series 3 - ICAI (PDF)

https://resource.cdn.icai.org/56261icaivsbpisr3.pdf

Valuation : Professionals Insight - Series 4 - ICAI (PDF)

https://resource.cdn.icai.org/60163vsb48987.pdf

Valuation : Professionals Insight - Series 5 - ICAI (PDF)

https://resource.cdn.icai.org/63030vsb51001.pdf

Kindly post your comments, suggestions, queries & review of the webinar session below this post

Happy Reading | Please contact Venkatesh (75502 25226) for being part of FT17 - Valuation - WhatsApp group.

Registration Link for 6th day FT17 - Fast Track Webinar for IBBI Valuation Exam - 13th May 2023 - Saturday

https://meet.zoho.in/HNU0vuzMNa

Dr GKR

12th MAY 2023

Friday

FT17 - Day 3 - Fast Track Webinar Series by Dr GKR for IBBI Valuation Exam (SFA) - Batch XVII - 10th MAY 2023 - 08:30 AM - Intangible Assets

Folks,

Herewith I have given below the link for Batch XVII - Day 3 - Presentation made in Fast Track Webinar Series for IBBI Valuation Exam (SFA) on "Intangible Assets Valuation"

Syllabus covered in IBBI Valuation Course (2022 Syllabus) for Intangible Assets - (Min 5 Marks to Max 8 Marks) 

• Nature and classification of intangibles
• Identification of nature of intangible assets: life of asset; based on function; acquired or internally generated; generating cash flow independently or not generating cash flow independently; intangible assets under development and research assets
• Purpose of intangibles valuation: financial reporting under Ind AS, legal and tax reporting, estate and gift tax, amortization allowance, transfer of standalone intangible assets, transfer of intangible asset as part of transaction, collateral lending, franchises and brand license agreement, insolvency/ bankruptcy
• Valuation Approaches: excess earnings method; relief-from-royalty method; premium profit method; greenfield method; distributor method; other valuation approaches as applicable; rate of return and discount rate for intangibles
• Minimum 7 marks | Material to Read: ICAIRVO_VS: 302 ; IVS: 210 ; IND AS 38 | Technical Guide to Valuation (ICAI) : Page 45 to 61 | Meaning of IA; Measurement, Recognition, Exchange of IA | Types of IA | Income Approach, Cost Approach, Market Approach |Purpose of Valuation of IA

Link for GKR Material on Valuation of Intangible Assets (PDF)

https://drive.google.com/file/d/15cbDau6B2A6nBEmrRdxeqUbTqCtJg2qr/view?usp=sharing

Link for IND AS 38 - MCA (PDF)

https://drive.google.com/file/d/1wAABAeHnafCr7vkKNsiMrlSFXum_dHo8/view?usp=sharing

Link for Technical Guide to Valuation - ICAI (PDF) - Revised Edition 2021

https://resource.cdn.icai.org/63028vsb50999.pdf

Link for Bottom-up Beta (A focused approach to risk-reward relationship) - Haribhakti Group (PDF)

https://static1.squarespace.com/static/537e8bcbe4b09ac6c31f0ae6/t/53daed56e4b0467cf6b03fc4/1406856534621/FB_Bottom-up+Beta.pdf

Link for Global Intangible Finance Tracker (GIFT™) — an annual review of the world’s intangible value - Brand Finance (PDF)

https://brandfinance.com/wp-content/uploads/1/gift_2.pdf

• After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out. 
• Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work

Kindly post your comments, suggestions, queries & review of the webinar session below this post

Kindly post your comments, suggestions, queries & review of the webinar session below this post. Happy Reading | Please contact Venkatesh (75502 25226) for being part of FT16 - Valuation - WhatsApp group.

Dr GKR

10th MAY 2023 | Wednesday 

FT17 - Day 2 - Fast Track Webinar Series by Dr GKR for IBBI Valuation Exam (SFA) - Batch XVII - 8th MAY 2023 - TUESDAY - 08:30 am - Valuation Approaches and Methods

Folks,

Herewith I have given below the link for Batch XVII - Day 2 - Presentation made in Fast Track Webinar Series for IBBI Valuation Exam (SFA) on "Valuation Approaches and Methods"

Overview of Valuation - (4 Marks)

• Meaning of value: Difference between price and value; definition of Value
• Types of value: fair market value, fair value, intrinsic value, investment value, synergistic value, market value, special value
• Premise of valuation: going concern and liquidation
• Purpose of valuation: mergers and acquisitions, strategy evaluation, identification of under and overvalued assets, legal, financial reporting, scope of work
• Valuation standards (New Topic included)
• Valuation process: understanding the business; planning and preparation; forecasting company performance; selecting the appropriate valuation model; converting forecast to valuation; applying analytical results in the form of recommendations; conclusions
• Valuation report and documentation: scope of the work performed, approach adopted, method applied, key inputs used, assumptions made, conclusion(s) of value and principal reasons for any conclusions reached, and date of report, date of valuation
• Importance of documentation, nature and purpose of documentation, timely preparation of documentation, documentation of valuation procedures performed, assembly of the final documentation, ownership of documentation 

Valuation Approaches - (3 Marks)

• Cost approach: net asset value and book value, adjusted value, sum of the parts, replacement cost
• Market approach: quoted market price, price of recent investment and price of recent transaction, relative valuation, concept of multiples, selection of appropriate comparables; adjustments to multiple calculated in accordance to size, lines of operation and geographical areas of operation
• Income approach: discounted cash flow approach; terminal value; present value; adjusted present value approach; internal rate of return; cash flow analysis- end of year and mid of year conventions; earning capitalization method /yield method; concept of perpetual growth; concept of cost of capital and capitalization rate

• After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out. 
• Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work

Link for GKR Notes / BGM used in Day 2 - FT17 - Webinar

https://drive.google.com/file/d/1IGj2Zn5bqz-ziBozZgN0f1BMuYDQd4fS/view?usp=sharing

Link for International Private Equity and Venture Capital Valuation Guidelines - IPEV (PDF) - December 2018

https://www.privateequityvaluation.com/Portals/0/Documents/Guidelines/IPEV%20Valuation%20Guidelines%20-%20December%202018.pdf?ver=2018-12-21-085233-863&timestamp=1545382360113

Link for International Valuation Standards - IVSC (PDF) - January 2022

https://www.appraisers.org/docs/default-source/default-document-library/ivsc-effective-31-jan-2022.pdf?sfvrsn=16c86ad4_2

Link for CBV Institute Practice Standard No 110 - Valuation Reports (PDF) - June 2009

https://cbvinstitute.com/wp-content/uploads/2020/02/Practice-Standard-No.-110-E-2009.pdf

Kindly post your comments, suggestions, queries & review of the webinar session below this post. Happy Reading | Please contact Venkatesh (75502 25226) for being part of FT17 - Valuation - WhatsApp group.

GKR

9th MAY 2023 | Tuesday

On the banks of River Sabarmati

FT17 - Day 1 - Fast Track Webinar Series by Dr GKR for IBBI Valuation Exam (SFA) - Batch XVII - 08th MAY 2023 - MONDAY - 8:30 am

Folks,

Herewith I have given below the link for Batch XVII - Day 1 - Webinar Material used in Fast Track Webinar Series for IBBI Valuation Exam (SFA) on "Model Code of Conduct & The Companies (Registered Valuers and Valuation) Rules, 2017"

Professional/Business Ethics and Standards (Applicable Syllabus from 1st July 2022) - 4 to 7 Marks

• Model Code of Conduct under the Companies (Registered Valuers and Valuation) Rules, 2017: professional competence and due care, independence and disclosure of interest, confidentiality, information management, gifts and hospitality
• Integrity and fairness, remuneration and costs, occupation, employability and restrictions, business ethics
• Ethical considerations under terms of engagements: engagement letter, management representation, guidance on use of work of experts, independence and conflict of interest, quality review process of valuers, rights and responsibilities of valuers
• Chapter XVII - Registered Valuers; The Companies (Registered Valuers and Valuation) Rules, 2017

Link for GKR Webinar Material on Model Code of Conduct & The Companies (Registered Valuers and Valuation) Rules, 2017 (PDF)

https://drive.google.com/file/d/194nqPKm0OKdtk2tJFgkNZfzOAGm2G57-/view?usp=sharing

Link for Valuation Examinations Frequently Asked Questions - IBBI (PDF)

https://ibbi.gov.in/uploads/faqs/Final%20FAQs%20Phase%204%20wef%2001072022.pdf

Link for THE COMPANIES (REGISTERED VALUERS AND VALUATION ) RULES, 2017 - updated 13-11-2018 - IBBI (PDF)

https://ibbi.gov.in//webadmin/pdf/legalframwork/2018/Nov/The%20Companies%20(Registered%20Valuers%20and%20Valuation)%20Rules,%202017%20(Upto%2013.11.2018)_2018-11-19%2016:13:01.pdf

Link for IBBI Valuation Syllabus (1st July 2022 onwards) - IBBI (PDF)

https://www.ibbi.gov.in/uploads/exams/SFA%20Syllabus%20wef%2001072022.pdf

Link for IBBI Guidelines on Use of Caveats, Limitations and Disclaimers by the Registered Valuers in Valuation Reports - IBBI (PDF)

https://ibbi.gov.in/uploads/legalframwork/e5e1300db2dd6a8bebe289ba579a7c14.pdf

• After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out.
• Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work

Kindly post your comments, suggestions, queries & review of the webinar session below this post. Happy Reading | Please contact Venkatesh (75502 25226) for being part of FT17 - Valuation - WhatsApp group.

GKR

Monday | 08th MAY 2023

IBBI Valuation Exam

 

BIndAS - Day 3 - Fast Track Webinar Series by Dr GKR for ICAI Certificate Course on Ind AS - Batch VI - 3rd MAY 2023 - Wednesday - Ind AS 20 & Ind AS 16

Folks,

Herewith I have given below the link for BIndAS Batch VI - Day 3 - Presentation made in Fast Track Webinar Series for ICAI Certificate Course on Indian Accounting Standards on "Ind AS 20 - Accounting for Government Grants and Disclosure of Government Assistance" & "Ind AS 16 - Property, Plant & Equipment"

Link for GKR Material on Ind AS 20 & Ind AS 16 (PDF)

https://drive.google.com/file/d/1rOogVjrFyM4Jx26J33dYFNVGjJuWvh0P/view?usp=sharing

Link for Ind AS 20 - ICAI (PDF)

https://resource.cdn.icai.org/73784asb59623-v2-25.pdf

Link for Ind AS 16 - ICAI (PDF)

https://resource.cdn.icai.org/73782asb59623-v2-23.pdf

Link for ONGC - AR - 2019-20 - ONGC (PDF)

https://ongcindia.com/documents/77751/4210481/annualreport2022.pdf

After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out.
Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work

Kindly post your comments, suggestions, queries & review of the webinar session below this post. 

Happy Reading | Please contact Venkatesh (7550 225 226) for being part of FT6 - BIndAS WhatsApp group. 

GKR

3rd MAY 2023

Wednesday

Ahmedabad Branch of WIRC of ICAI 

One Day Seminar on Valuation

Chengalpattu District Branch of SIRC of ICAI

NGO - Social Audit & Social Auditors 

BIndAS - Day 2 - Fast Track Webinar Series by Dr GKR for ICAI Certificate Course on Ind AS - Batch VI - 2nd MAY 2023 - Tuesday - Ind AS 41 & Ind AS 37

Folks,

Herewith I have given below the link for BIndAS Batch VI - Day 2 - Presentation made in Fast Track Webinar Series for ICAI Certificate Course on Indian Accounting Standards on "Ind AS 41 - Agriculture" & "Ind AS 37 - Provisions, Contingent Liabilities & Contingent Assets"

Link for GKR Material on Ind AS 41 & Ind AS 37 (PDF)

https://drive.google.com/file/d/1xcg_oJFddWsUBd-W1o_wQbUoMIcItAkh/view?usp=sharing

Link for Ind AS 41 - ICAI (PDF)

https://indasaccess.icai.org/download/2020/compendium-indas/328/328asb-cias-2020-21-vol2-39.pdf

Link for Ind AS 37 - ICAI (PDF)

https://indasaccess.icai.org/download/2020/compendium-indas/325/325asb-cias-2020-21-vol2-36.pdf

Link for GKR YouTube presentation on Ind AS 37 (PCACL) - (Video)

&

Link for GKR YouTube presentation on Ind AS 41 (Agriculture) - (Video)

YouTube

https://www.youtube.com/watch?v=Qj6vRpEy-zI

Link for Venky's India Limited - AR  - 2021-22 - VENKYS (PDF)

http://venkys.com/wp-content/uploads/2022/08/46th-Venkys-AR-2021-2022_Web.pdf

Link for Tata Coffee India Limited - AR - 2020-21 - Tata Coffee (PDF)

https://www.tatacoffee.com/sites/default/files/collaterals/Annual%20Report%20FY%202021-22.pdf

After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out.
Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work

Kindly post your comments, suggestions, queries & review of the webinar session below this post. Happy Reading | Please contact Venkatesh (7550 225 226) for being part of FT6 - BIndAS WhatsApp group. 

GKR

2nd MAY 2023

Tuesday

BIndAS - Day 1 - Fast Track Webinar Series by Dr GKR for ICAI Certificate Course on Ind AS - Batch VI - 1st MAY 2023 - Monday - Ind AS 24 & Ind AS 21

Folks,

Herewith I have given below the link for BIndAS - Batch VI - Day 1 - Presentation made in Fast Track Webinar Series for ICAI Certificate Course on Indian Accounting Standards on "Ind AS 24 - Related Party Disclosures" & "Ind AS 21 - The Effects of Changes in Foreign Exchange Rates"

Link for Dr GKR BGM on Ind AS 24 & Ind AS 21 (PDF)

https://drive.google.com/file/d/1sZcvGmktjLILFuCxh7_xA7j4C9n-pB-P/view?usp=sharing

Link for Ind AS 24 - ICAI (PDF)

https://indasaccess.icai.org/download/2020/compendium-indas/317/317asb-cias-2020-21-vol2-28.pdf

Link for Ind AS 21 - ICAI (PDF)

https://indasaccess.icai.org/download/2020/compendium-indas/315/315asb-cias-2020-21-vol2-26.pdf

Ind AS 24 - Related Party Disclosures

Ind AS 21 - The Effects of Changes in Foreign Exchange Rates

Detailed Presentation by CA Dr GKR

YouTube link below  

https://www.youtube.com/watch?v=WOV68lcEmIg

Reference : Annual Reports

Link for Ashok Leyland Limited - AR  - 2021-22 - ASHLEY (PDF) 

https://www.ashokleyland.com/backend/in/wp-content/uploads/sites/2/2022/07/Annual-Report-FY-2021-22.pdf

Link for Dr Reddy's Laboratories Limited - AR  - 2021-22 - Dr Reddy's (PDF) - 

https://www.drreddys.com/cms/cms/sites/default/files/2022-07/Annual_Report_FY2022.pdf

Link for Oil India Limited - AR - 2021-22 - OIL (PDF)

https://www.oil-india.com/Document/Financial/Integrated-Annual-Report-2021-22.pdf

After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out.
Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work

Kindly post your comments, suggestions, queries & review of the webinar session below this post. Happy Reading | Please contact Venkatesh (7550 225 226) for being part of FT6 - BIndAS WhatsApp group. 

GKR

1st MAY 2023

Monday

Alappuzha Branch of SIRC of ICAI