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Fair Value Accounting: Tools and Concepts - v09 (Course Id 886)

QAS / Registry   Add to Cart 
Author : Jae K. Shim, Ph.D., CPA
Status : Production
CPE Credits : 3.0
IRS Credits : 0
Price : $26.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 886

Description :

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. 

Usage Rank : 0
Release : 2019
Version : 1.0
Prerequisites : Basic Math.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 28-Dec-2019
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - 886

Keywords : Accounting, Fair, Value, Accounting, Tools, Concepts, v09, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

After completing this course, you should be able to:
    1. Identify the appropriate circumstances for using fair values in financial reporting.
    2. Recognize the objectives of using present values and the elements used in present value measurement to help determine fair value.
    3. Recognize several valuation models used in determining fair value for different assets and liabilities.
    4. Calculate the present value for investments.
Course Contents :

Chapter 1 - Fair Value Accounting

Course Learning Objectives

Fair Value Principle

Using Cash Flow Information and Present Value in Accounting (SFAC No. 7)

Present Value Measurement


Interest Methods

Fair Value Measurements

The Hypothetical Transaction

The Principal (or Most Advantageous) Market

Market Participants

Highest and Best Use

Valuation Techniques

Fair Value Hierarchy

Measuring Fair Value When Activity Has Decreased

Identifying Transaction That Are Not Orderly

Fair Value Disclosures

Review Questions - Section 1

Fair Value Option for Financial Assets and Financial Liabilities

Allowed Items

Disallowed Items

Electing the Fair Value Option and Election Dates


Instrument Application

Balance Sheet

Income Statement

Statement of Cash Flows

Sample Application of ASC 825-10-25


Eligible Items at Effective Date

Not-For-Profit Organizations

Review Questions - Section 2

Where are Fair Values Used in Financial Statements?

Fair Value Valuation

Examples of Valuation Models

Market Multiples

Matrix Pricing

Discounted Cash Flows (DCF)

Employee Share Options

Adjusted Replacement Cost

Illustrations of Fair Value Disclosures - Reliability Assessment

Review Questions - Section 3

Appendix A - Present Value Tables

Appendix B - Walt Disney Disclosures


CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses
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