1. www.apv.net David Edgerton FCPA Director Quality + Expertise + Flexibility + Innovation = Confidence & Real Value AASB13 Not to be under estimated!

2. www.apv.net AASB13 Fair Value Measurement Published September 2011 Mandatory for LG 1 July 2013 Guidance issued via CPA Australia ‘s Guide to Valuation and Depreciation What have you done to prepare?

3. www.apv.net Key Issues New Definitions (FV and Asset Class) New prescribed process New Concepts – Recurrent v Non-Recurrent – Asset Hierarchy / Level of Input – Highest and Best Use New Complex Disclosures

4. www.apv.net However There is a nuance which will trick many and will not be come apparent till you start to do your year end disclosures ?

5. www.apv.net Its about the valuation…. Not the assets All disclosures are to be based on Asset and Liability Class (as defined by AASB13) Not per the existing specific accounting standards Need to slice and dice based on different valuation approaches and the asset hierarchy Implications for GL with changes as at 1 July 2013

6. www.apv.net AASB13 Workshop Glenelg Pier Hotel Tue 11 Feb 2013 Free….. But only 30 spaces available Registration Form At APV table www.apv.net (services/workshops) www.apv.net

7. CPA Australia guide to valuation and depreciation 216 pages 18 month extensive peer review process Covers technical and non-technical aspects Only guidance that covers AASB13 for public sector in detail Visit APV booth to organise a free copy !

8. www.apv.net The proof of the pudding is in the eating !