Webinar
Recent Webinars
Free Webinar – Understanding the Impact of Capital Market for Sustainable Development and Macroeconomic Stability. Featuring the Upcoming Book (Financial Markets, IPO, Primary & Secondary markets) by Dr Tefera T. Beyene & Mr. Tom Miney , July 28, 2022
Addis Ababa Share Dealing Group, instituted in 1965 and closed in the 1970s was the first Ethiopian capital market. After half a century in December 2020, the Ethiopian government Council of Ministers passes a bill that allows the establishment of a Capital Market (the venues where funds are exchanged between suppliers of capital and those who demand capital for use). The best-known capital markets include the stock market and the bond market. For companies to register at the capital market, they must ‘go public’, allowing a private company to become a publicly traded and owned entity. The process is called Initial Public Offering (IPO). Going public increases the prestige and helps companies raise capital to invest in future operations, expansion, or acquisitions. This process is complex and time-consuming. In this webinar, Dr. Tefera Beyene (PhD, MBA, CPA, AFA, CFOS, CBA, CMSP, CHE, CCA) an adjunct professor at the University of California, Los Angeles (UCLA), Azusa Pacific University (APU), and St. Thomas University (STU) will explain the steps and process for companies to go public.
Past Webinars
One of the critical standards of IFRS is Fair Value Measurement (IFRS 13). The definition of fair value is ‘the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date’. Understanding fair value requires (a) identifying the balance or transaction that must (may) be measured or disclosed at fair value and when such measurement is necessary, (b) consulting IFRS 13 for guidance on how to determine fair value upon initial recognition, and (c) consulting the ‘when IFRS’ to determine if the subsequent measurement of the account balance is at fair value and/or if fair value disclosure are required (Deloitte, 2021). Ethiopia has adopted the use of IFRS a few years ago and is now in the process of establishing its capital market (secondary and stock market). Both practices require a thorough understanding of fair value principles. To successfully report the fair value of businesses, it is important to have a comprehensive framework and guidance as well as understand the ins and outs of Business Valuation.