Fair Value Accounting
Navigate the shift from historical cost to fair value reporting. This course explains when fair value measurements are required, how to determine fair value using appropriate parameters, and how to present and disclose the results in financial statements. It also examines situations in which fair value serves as the basis for impairment testing. Develop a clear understanding of fair value concepts and apply them accurately in complex reporting environments.
Format
PDF Course
Course Lists
Duration
2 Hours
Course Information
Author: Steven Bragg
Course number: AC1087
Table of Contents
Chapter 1. Fair Value Accounting
Chapter 2. The Fair Value Option
Chapter 3. Fair Value in Asset and Liability Evaluation
Learning Objectives
- Identify the primary concepts and rules relating to the derivation of fair value measurements.
- Specify the situations in which the fair value option can be used.
- Recognize the situations in which fair values or a modified form of fair values are applied to the valuation of acquired assets and liabilities, as well as the impairment analyses for inventory, fixed assets, and goodwill.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: May 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
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