Tired of being taken on a roller coaster ride by volatile stocks like Noble? Sometimes even experienced traders can be tricked by the price action of stocks, especially when we do not understand how to value the assets and liabilities of the company. The secrets hiding in the financial statements are more than meets the eyes, and it takes a pair of skillful eyes to be alerted to them.
Hence, my friends have organised a course in collaboration with Dr. Kevin Ow Yong, Associate Professor of Accounting at Peking University, to share with you how to use Fair Value Accounting to detect red flags in financial statements, and protect yourself from falling into investment traps.
Extensively drawing on the examples of major accounting controversies, and using Noble Group as the subject of an in-depth analysis, Dr Ow will help you to see financial statements from a fresh perspective. You will be better equipped to apply Fair Value Accounting to gain an edge in your trading!
Sign up link and course outline are below:
Fair Value Accounting: Troubling Issues and Fundamental Concerns
Conducted by Dr Kevin Ow Yong, Associate Professor of Accounting at Peking University
12 Aug 2017 Saturday • 9:30am - 12:30pm • International Plaza
» Programme Objective
This programme provides an overview on fair value accounting and some of the difficulties relating to the fair value measurement process and its implications to investors.
Throughout this course, we will also discuss some of the major controversies surrounding fair value accounting including notable examples such as Wells Fargo, Deustche Bank and Goldman Sachs. Other topics covered include auditors’ concerns about fair value accounting as well as a better understanding of the controversy surrounding fair value accounting for liabilities.
We will end the talk with an in-depth analysis into Noble Group’s financials including a discussion of some of the accounting policy decisions that they have undertaken in recent years. At the end of the talk, seminar participants should have a better appreciation of the finer details of fair value accounting that ordinary investors would not be aware. This will strengthen their accounting knowledge and better equip them to deal with fair value accounting rules in their share trading decisions and fundamental analysis of firms’ financials.
» Programme Scope
- Understand why fair value accounting is such an important topic
- Analyze real world examples surrounding some of the major fair value accounting controversies and how do firms deal with it
- Examine fundamental measurement difficulties regarding Level 2 and Level 3 assets and its implications to investors
- Discuss pertinent issues about fair value accounting for liabilities and its effects on the financial statements
- In-depth case study approach using Noble Group as our example
» Who Should Attend
» Your Trainer: Prof Kevin Ow Yong
PhD, BAcc (First Class Hons), CFA, CPA, CA
Dr. Kevin Ow Yong is Associate Professor of Accounting at Peking University. He holds a First Class Honours Degree (with University Medal) in Accounting from Nanyang Technological University and received his PhD degree from Duke University. He has also worked at Singapore Management University as an assistant professor and Singapore Airlines as a regional accountant and financial analyst.
Dr Ow Yong has been a Chartered Accountant (CA) and Certified Public Accountant (CPA) since 2003 as well as a Chartered Financial Analyst (CFA) since 2002. He is also affiliated with the American Accounting Association (AAA), the European Accounting Association (EAA), the Accounting & Finance Association of Australia and New Zealand (AFAANZ), the Chinese Accounting Professors’ Association of North America (CAPANA) and the International Association for Accounting Education & Research (IAAER). His work has been published in several well known accounting research journals including the Review of Accounting Studies, Contemporary Accounting Research, Journal of Accounting and Public Policy, European Accounting Review, Advances in Accounting and China Journal of Accounting Research. He has been invited to speak at several top ranking China’s universities including Tsinghua University, Sun Yat-Sen University and Xiamen University. He was also invited as a guest lecturer to teach at Kozminski University, the top private university in Poland (ranked 45th by the Financial Times) and Kyushu University, widely regarded as one of the top ten best universities in Japan.
In recognition of his research work, he has been cited in two of Singapore’s most well-circulated newspapers, the Straits Times and the Business Times on several occasions, and in CPA Singapore (Institute of Singapore Chartered Accountants publication), Accounting and Business (ACCA publication), Pulses (previously, the Singapore Stock Exchange Journal), Asian Scientist, Smart Investor, QFinance and CFO Asia, a publication of The Economist Group. He also won the Second Best Paper Award at the Chicago Quantitative Alliance Academic Competition, the Best Paper Award from the China Journal of Accounting Research Symposium and the Best Paper Award from the Third International Conference on Accounting and Finance (ICOAF 2017). He has received several research grants for his research work, including an external grant from the KPMG Foundation in 2011 and the prestigious MoE Tier II educational grant in 2015 for his research work on fair value accounting.
Dr Ow Yong is currently on the advisory board with Brahm Centre, a non-profit charity organization as their Finance Advisor. He is also a member of the UAFRS Advisory Council with Valens Research. He has previously served on the Candidate Programmes Committee with the CFA Society (Singapore).
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