Current Developments In Fair Value Measurements

Webinar: ID# 1020443
Recorded CD
About This Course:
Fair value measurement in financial reporting is a controversial subject. Investors indicate that they prefer the information that fair value conveys when making an investment decision.

Some preparers, particularly certain private companies wonder if fair value is worth the cost and complexity for their needs. Fair value measurement requires certain judgment in which it also presents unique challenges to preparers and auditors.

This webinar will provide you detail on the current status of fair value in financial reporting, including the latest with private company alternative accounting and the fair value quality initiative.

The course will also discuss regulators viewpoints on measuring fair value and other audit concerns.


History of Fair Value Measurements in Financial Reporting
Common Accounting Standards With Fair Value as the Unit of Measurement
  • ASC 820 Fair Value Measurement
  • ASC 805 Business Combinations
  • ASC 350 Goodwill and Other Intangible Assets
  • ASC 360 Property, Plant and Equipment
Private Company Council (PCC)
  • Development of PCC
  • Is There Big GAAP/Little GAAP?
  • Private Company Accounting Alternatives With Fair Value
  • Should Private Companies Elect the Alternatives?
Regulators and Fair Value
  • Security and Exchange Commission Guidance
  • PCAOB Guidance for Auditing Fair Value
  • PCAOB Audit Deficiencies Related to Fair Value Measurements
  • Issues in Auditing Fair Value
Fair Value Quality Initiative
  • History and Development
  • Current Status
  • Credentials for Valuation Specialists
Future of Fair Value in Financial Reporting
About The Presenter

Mark L. Zyla, CPA/ABV, CFA, ASA
  • Managing director of Acuitas Inc in Atlanta, Georgia
  • Experienced practitioner with fair value measurements
  • Wrote, Fair Value Measurement: Practical Guidance and Implementation, 2nd ed., published by John Wiley & Sons; co-wrote several portfolios on fair value topics published by BNA Bloomberg; also wrote the Fair Value Accounting course published by the AICPA
  • Served on several professional committees which developed best practices in fair value including the AICPA’s Accounting and Valuation Guide, Testing Goodwill for Impairment and the Appraisal Foundation’s Contributory Asset Charges monograph
  • Member of the AICPA’s FVS Executive Committee as well as the Business Valuation Committee of the American Society of Appraisers
  • Conducts a two day workshop twice a year for the AICPA on Fair Value Measurements
  • Inducted into the AICPA’s Business Valuation Hall of Fame in 2013
Current Developments In Fair Value Measurements
Available on CD format
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