This course explores how fair value concepts are applied in many of the more complex areas of financial reporting under U.S. GAAP. It examines the role of fair value in business combinations, impairment testing, and financial instruments, including the valuation of acquired intangible assets, contingent consideration, goodwill, long lived assets, debt instruments, equity investments, and derivatives. The course also discusses common challenges associated with fair value measurements, including management bias, aggressive assumptions, valuation uncertainty, the use of valuation specialists, and key audit considerations. Throughout the course, the focus remains on applying the principles of ASC Topic 820 to develop fair value measurements that reflect market participant assumptions and are supported by appropriate evidence.
Course Publication Date:
August 22, 2026
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$10.00!
| Author: | Kelen Camehl |
| Course No: | ACT-FVPRACAPP-86606 |
| Recommended CPE: | 1.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- Identify common accounting areas requiring fair value measurements.
- Recognize risks associated with fair value estimates and assumptions.
- Determine how valuation judgments impact fair value measurements.
- Select appropriate considerations when evaluating complex fair value measurements.