- NY Credits : 3.0
- TX Credits : 3.0
Fair Value Measurement - Introduction to FV Measurements and Disclosures
Financial reporting in the United States no longer occurs in isolation. Both the FASB and the IASB are working towards making their reporting standards compatible. As part of this convergence project, the FASB has taken a closer look at how the fair value of assets and liabilities is measured. This course explores the regulations related to fair value measurement as presented in ASC 820. Reporting entities must be familiar with ASC 820 as it applies to all accounting pronouncements, unless specifically excluded, that use the fair value concept.
Upon successful completion of Fair Value Measurement - Introduction to FV Measurements and Disclosures, the user should be able to:
summarize ASC 820;
define fair value;
illustrate approaches, techniques, inputs, and methods used to determine fair value;
calculate fair value; and
prepare required disclosures for fair value.