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.
