Fair Value Accounting Basics

Price: $19.99

CPE Credits: 2.0

Category:

Course Number: AACSBFVA

Fair Value accounting cpe

Description:

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. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorSteven Bragg, CPA

Publication:June 2015
Update: May 2018

Pages: 53

Format: PDF

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:
• Identify the primary concepts and rules relating to the derivation of fair value measurements.
• Note 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.

 

 

Description:

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. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorSteven Bragg, CPA

Publication:June 2015
Update: May 2018

Pages: 53

Format: PDF

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:
• Identify the primary concepts and rules relating to the derivation of fair value measurements.
• Note 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.

 

 

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