Fair Value Accounting & Reporting Webinar
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Overview
ASC 820 defines fair value, provides a framework for measuring fair value, and requires extensive disclosures about fair value measurements. This program will supply you with:
- A high-level overview of the fundamentals of fair value measurement
- Guidance on how the valuation process is used in financial statement preparation
- An understanding of expanded disclosure requirements for recurring and nonrecurring items
Objective
To provide CPAs and other financial professionals with the most current understanding of this complex topic. You will learn the principles put forth by FASB in relation to the concept of fair value, as well as their practical application.
Emphasis
- Why is Fair Value So Important?
- Fair Value Valuation Techniques
- Scope
- Fair Value Hierarchy
- Five Step Framework
– Determine:
– Unique attributes
– Valuation premise
– Best market
– Appropriate valuation techniques
– Fair value - Fair Value Option Per ASC 825
- Topic ASC 820 Disclosures
- Management & Auditor's Role in Fair Value Measurement
- Significant Differences from IFRS 13
- Best Practices for Measuring Fair Value of Intangible Assets
- Authoritative Standards Requiring Financial Assets & Liabilities to Be Measured:
– Business combinations
– Goodwill impairment testing
– Nonmonetary exchanges
This course is included in the following subscriptions:
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View SubscriptionsPrerequisite
Basic knowledge of financial accounting and reporting
Level of Knowledge
Intermediate
CPE Credits
8
Hours
NASBA Field of Study
Accounting