CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at 850-224-2727 or 800-342-3197 (Florida only) if you wish to inquire about registering.
Fair value accounting continues to be one of the most complex and controversial areas of accounting today, and its impact on the global economy is well documented. The FASB also continues to struggle with just how its guidance should be applied, as evidenced by the issuance thus far of several FASB Staff Positions and Accounting Standards Updates dealing with fair value issues. This course provides a conceptual and practical review of fair value accounting in the context of FASB ASC 820, Fair Value Measurement, and other U.S. accounting standards. The course shows you how to measure the fair value of specific assets and liabilities and includes the pros and cons of fair valuing select balance sheet items. The course also includes practical examples and case study reviews of applying fair value measurements and disclosures under the authoritative guidance provided in FASB ASC 820 and other U.S. accounting standards.
|Wednesday, May 15, 2013
|8:15am - 4:15pm (Registration at 7:45am )
|Tampa Airport Marriott, Tampa
|8 Accounting and Auditing
|Accounting, Auditing, and Assurance
Participants will be able to be up-to-date on recently issued FASB guidance on fair value accounting; define “fair value” and review introductory concepts applicable to fair value accounting; identify and apply valuation techniques consistent with the market approach, the income approach, and the cost approach used to measure fair value; understand and apply the fair value hierarchy established in
FASB ASC 820; examine the expanded fair value disclosure requirements outlined in FASB ASC 820; recognize the key aspects of the fair value option under FASB ASC 825; review the basics involved in auditing fair value measurements and disclosures and apply the concepts of fair value accounting through examples and case studies
- FASB ASC 820, Fair Value Measurement
- Valuation techniques used to measure fair value
- The market approach
- The income approach
- The cost approach
- The fair value hierarchy, fair value disclosures, and fair value option
- Auditing fair value measurements
- Practical application of fair value accounting concepts
Practicing CPAs and accounting professionals in business and industry that prepare or review financial statements
Basic understanding of accounting principles
FICPA Seminar EZMaterials! Instead of picking up paper manuals at the event, you’ll be able to download the EZMaterials as searchable PDFs to your laptop, tablet or other device seven days before the event. For an additional fee you may choose to purchase a hardcopy of the seminar manuals. If requested during registration at least eight days prior to the course, your hardcopy will be available for pickup at the event. Click here for more information.
$330 FICPA Members, $455 Non-Members
Take advantage of the Early Bird Price - Register more than 10 days before the course date. Early Bird pricing does not apply to Chapter events.