Do you feel that fair value is everywhere in the world of accounting?
All right, that may be a bit of an exaggeration, but it is one of the most widespread accounting concepts as many items throughout U.S. GAAP and IFRS are required to be measured at fair value, by ASC 820.
Entities now need to apply fair value accounting under ASC 820 across a variety of transitions. From financial instruments to leases, business combination accounting, and impairment measurement, GAAP either requires or allows the use of fair value measures in an ever-increasing number of circumstances. Now is the time for you to get up-to-speed on the basics of the fair value approach. In this online CPE course, we will review when fair value accounting is required and when an entity can select to use it. Then we will review the basics of the ASC 820 model, including the concept of “exit price,” the various approaches which an entity may follow when using a fair value approach, and the different levels of inputs that an entity may consider when determining fair value. Lastly, the online CPE course will provide examples of when and how to apply this complex accounting guidance.
This online CPE webinar will also discuss the amendments to ASC 820 that are the result of the work by the FASB and the IASB to develop common requirements for measuring fair value and for disclosing information about fair value measurements by the U.S. generally accepted accounting principles (GAAP) andInternational Financial Reporting Standards(IFRSs).
The amendments explain how to measure fair value. They do not require additional fair value measurements and are not intended to establish valuation standards or affect valuation practices outside of financial reporting.
This online CPE course will explain the change in the wording used to describe the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements.
Major topics covered in this online CPE Accounting webinar:
To help you master fair value measurement accounting, this CPE webinar will serve as a resource guide, bringing together a compilation of fair value measurement accounting issues, references, and useful content on the topic.
Founder, Mike Morley
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is the author of:
“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
BS
Well done all around.
HD
Not very interesting
DR
the instructor was knowledgeable, but the content seemed very unstructured and was hard to follow. lots of theory, but few examples.
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