Fair Value Accounting: A Critical New Skill for All CPAs

• Pennsylvania Institute of Certified Public Accountants

Description:
How fair value accounting is reshaping traditional financial statements. Learn to apply fair value accounting to certain FASB Statements and Interpretations that require measurements of assets or liabilities at fair value. Discuss the challenges that confront preparers and auditors in making, and attesting to, fair value measurements.

Highlights:

* Understand the fair value hierarchy
* Identify the key aspects of the new fair value option
* Evaluate the impact of the key measurement components
* Basic concepts behind fair value accounting
* Conceptual guidance from SFAC No. 7 on using cash flow information and present value techniques in the measurement of fair value
* Managing audit costs and concerns
* Practical applications in business combinations and the accounting for the impairment or disposal of long-lived assets, as well as goodwill and intangibles
* Informative disclosures

Fee: $225 PICPA Members, $275 Non-Members