Fair Value Accounting: A Critical Skill for All CPAs

Previous Title: Fair Value Accounting: Critical Skills for All CPAs

Fair value accounting has reshaped traditional financial statements. Gain insights into the conceptual and practical reasons for using fair value as the measurement attribute for existing accounting standards. Learn about the issues that arise when fair value measurement is implemented under existing FASB standards and see examples of these issues. In addition, see presentations of the measurement and estimation challenges that confront preparers and auditors in making, and attesting to, fair value measurements.

Topics Discussed:

• Fair Value Measurements and Disclosures
• Fair Value Pronouncements and Resources
• Fair Value in Business Combinations
• Subsequent Impairment of Fair Value
• Working With a Valuation Specialist
• Fair Value Measurement Case Study

Learning Objectives:
This course enables you to explain key terms in fair value guidance, identify and apply key aspects of the fair value option, and determine when FASB guidance and interpretations require measurement of assets or liabilities at fair value.

Prerequisite: Experience with financial accounting and reporting

Advanced Preparation: None