Accounting and Auditing Fair Value Accounting: Tools and Concepts

Fair Value Accounting: Tools and Concepts

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  • Course Delivery: On Demand
  • Credit Hours: 3.5
  • Credit Type: Accounting

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Description

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.

 

Learning Objectives:
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 different investments.

Topics Covered:

  • Fair Value Principle
  • Using Cash Flow Information and Present Value in Accounting (SFAC No. 7)
  • Fair Value Measurements
  • Fair Value Option for Financial Assets and Financial Liabilities
  • Sample Application of ASC 820-10-25 (FAS-159)
  • Where Are Fair Values Used in Financial Statements?
  • Fair Value Valuation
  • Examples of Valuation Models
  • Employee Share Options
  • Adjusted Replacement Cost
  • Illustrations of Fair Value Disclosures - Reliability

Category: Accounting

 

Delivery Method: Online

 

Level: Basic to Intermediate

 

Prerequisites: Basic Math

 

Passing Score: 70%

 

NASBA: Yes QAS Self Study

 

Author: Delta Publishing

 

ABOUT THE SUBJECT MATTER EXPERT:
Dr. Jae K. Shim is Professor of Business at California State University, Long Beach,
California. Dr. Shim received his MBA and Ph.D. degrees from the University of California at Berkeley (Haas School of Business.) He has co-authored over 50 professional business books and has been a consultant to commercial and nonprofit organizations for over 30 years.

 

Course Objectives

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 different investments.

 

Topics Covered

  • Fair Value Principle
  • Using Cash Flow Information and Present Value in Accounting (SFAC No. 7)
  • Fair Value Measurements
  • Fair Value Option for Financial Assets and Financial Liabilities
  • Sample Application of ASC 820-10-25 (FAS-159)
  • Where Are Fair Values Used in Financial Statements?
  • Fair Value Valuation
  • Examples of Valuation Models
  • Employee Share Options
  • Adjusted Replacement Cost
  • Illustrations of Fair Value Disclosures - Reliability

 

 

Regulatory Information

Fair Value Accounting - Tools and Concepts - National Association of State Boards of Accountancy (NASBA)

  • Name:
  • National Association of State Boards of Accountancy (NASBA)
  • Phone:
  • 615-880-4200
  • Fax:
  • 615-880-4290
  • Website URL:
  • http://nasba.org/
  • Email Address:
  • [email protected]
  • Address:
  • NASBA
  • City:
  • Nashville
  • State:
  • TN
  • Zip:
  • 37219-2417
 

Prerequisites

Prerequisites: Basic Math

 

Subject Matter Expert

Dr. Jae K. Shim is Professor of Business at California State University, Long Beach,
California. Dr. Shim received his MBA and Ph.D. degrees from the University of California at Berkeley (Haas School of Business.) He has co-authored over 50 professional business books and has been a consultant to commercial and nonprofit organizations for over 30 years.

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