Foundations of Fair Value Measurement

Overview

Fundamentals of fair value measurements, including valuation approaches and considerations, are explored for professionals looking to augment their valuation skills and expand their service offerings.

Highlights

Key Topics

• Fair value measurements overview
• Valuation considerations
• Business combinations
• The cost, market and income approaches
• Testing for subsequent impairment
• Valuations of privately held company equity securities
• Regulatory environment
• Audit consideration

Prerequisites

None

Designed For

Who Will Benefit

• Business valuation professionals who value financial and nonfinancial assets and liabilities that are measured in accordance with FASB ASC 820, Fair Value Measurement, or IFRS 13, Fair Va

  Objectives

  Learning Outcomes

  • Recognize the changing economic and regulatory environment and its impact on financial accounting standards.
  • Recognize the framework for measuring fair value as required by FASB ASC 820, Fair Value Measurement.
  • Identify areas in fair value measurement that may be subjective.
  • Recognize the relationship between FASB ASC 805, Business Combinations, and the subsequent testing for impairment of assets under FASB ASC 350, Intangibles-Goodwill and Other, and FASB ASC 360, Property, Plant, and Equipment.
  • Recall the purpose and primary goal of the Performance Framework for valuation specialists.
  • Recognize how individual intangible assets create value.
  • Identify techniques under the cost, market and income approaches in measuring fair value.
  • Recall factors to consider when evaluating the useful life of an intangible asset.
  • Recall the principles highlighted in the auditing standards as they relate to fair value measurement.