Written by a valuer for valuers to explain the accounting concepts in the International Financial Reporting Standards (IFRS) for which valuations may be required and the assumptions that are appropriate in different situations. There is also practical advice on solutions to some of the more conceptually challenging valuation questions that they may have to deal with, such as how related assets may need to be separated or grouped in the valuation or how to advise on values for the calculation of depreciation in financial statements.