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Technical

Fair Value Accounting Logo aicpa

  Mark Zyla, CPA/ABV, CFA, ASA |   Free |   AICPA |   Jun 2018 |   Auditing |   AICPA Store
Gain insights into the rationale behind fair value measurement.
Who Will Benefit?
  • Practitioners and members in industry responsible for accounting and financial reporting
Key Topics
  • Fair value measurement and disclosures
  • Fair value measurement in business combinations
  • Testing for subsequent impairment of fair value
  • Working with a valuation specialist
  • Documentation considerations
Learning Objectives
  • Identify and apply key concepts of fair value measurement.
  • Determine instances when FASB guidance requires measurement of assets or liabilities at fair value.
  • Identify considerations relating to fair value in the context of initial recognition and subsequent measurement.
  • Recall considerations relating to working with a valuation specialist.

In this CPE course written by Mark Zyla, the leading fair value expert, you will learn about issues that arise when fair value accounting is implemented under existing FASB standards and the application of fair value measurement in the context of business combinations. In addition, you will see sample presentations of the measurement and estimation challenges that confront preparers and auditors in the areas of initial recognition, subsequent measurement, goodwill impairment, and the use of a valuation specialist.

Updated for FASB ASU No. 2017-04, this course covers a framework for applying fair value accounting rules and provides the training you need to evaluate the fair value of entities and intangible assets as prepared by a valuation specialist, as well as to compare and contrast fair value in IFRS and U.S. GAAP to help you stay ahead of the curve on fair value measurement.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Foundational
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Intermediate
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Fair value, Foundational
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Fair value, Intermediate
  • Fair value measurement: Technical: Business & intangible assets, Foundational
  • Fair value measurement: Technical: Business & intangible assets, Intermediate
  • Forensic & valuation services: Technical: Fair value, Foundational
  • Forensic & valuation services: Technical: Fair value, Intermediate

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