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| 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 : |
Fair Value Accounting Definition from Financial Times Lexicon
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| Advance Preparation : | None. |
| Delivery Method : | 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:
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 Liabilities 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 Events Instrument Application Balance Sheet Income Statement Statement of Cash Flows Sample Application of ASC 825-10-25 Disclosures 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 Glossary |
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