Fair values are more common in financial reports because fair values have increased in business importance in recent years. Increasingly elaborate financial instruments and risk management practices have created financial statement elements for which historical cost is almost irrelevant, and fair value, and fluctuations in fair value, are extremely relevant. This course is a comprehensive survey of fair value accounting with a discussion of :(1) ASC 820, Fair Value Measurements and Disclosures, (2) A list of the financial statement items for which fair value reporting is required or allowed. (3) A variety of valuation models, and (4) Fair value disclosure requirements business.
Course Publication Date:
March 03, 2019
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or can be purchased for
$30.00!
| Author: | Delta CPE |
| Course No: | ACT-FAIRVALUE-4799 |
| Recommended CPE: | 3.00 |
| 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 the appropriate circumstances for using fair values in financial reporting.
- Recognize the objectives of using present values and the elements used in present value measurement to help determine fair value.
- Recognize several valuation models used in determining fair value for different assets and liabilities.
- Calculate the present value for investments.