Fair Value Accounting
Some assets and liabilities can now be reported at their fair values, which is a significant divergence from the common practice of only reporting historical costs. Fair Value Accounting helps the accountant sort out the situation by defining when fair value measurements should be performed, the parameters for measuring fair value, and how to disclose this information in the financial statements. The course also notes those situations in which fair value is used to evaluate whether assets have been impaired.
Format
PDF Course
Level
Overview
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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