Get up to date on the latest FASB, SEC, and AICPA guidelines and best
practices
Fair Value Measurement provides hands-on guidance and the latest best
practices for measuring fair value in financial reporting. The Financial
Accounting Standards Board (FASB), the U.S. Securities and Exchange
Commission (SEC), and the American Institute of CPAs (AICPA) have all
updated their guidelines for practitioners, and this book details the
changes from a practical perspective. This new third edition includes a
discussion on Private Company Council accounting alternatives for
business combinations and impairment testing, with a detailed example of
the Market Participant Acquisition Premium (MPAP), including European
and Asian examples and expanded discussion of IFRS.
Fair value measurement guidelines continue to evolve, and this
comprehensive reference provides a valuable, up-to-date resource for
preparers, auditors, and valuation specialists.
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Adopt the best practices for implementing the FASB's Topic 820
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Learn the latest reporting requirements for fair value measurements
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Understand accounting alternatives for business combinations
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Examine the details of MPAP in Europe and Asia
Applying fair value measurements to financial statements requires a move
away from rules-based standards and toward application of professional
judgment. This controversial shift has led to a reliance on valuation
specialists, who face their own challenges in applying Topic 820 amidst
an economic downturn and recovery, leading to an ever evolving set of
best practices. Practitioners must stay up to date, and be aware of the
changes as they occur. Fair Value Measurement provides the most recent
information and a practical approach to this area of financial
reporting.
