(Wiley Corporate F&A) 3rd Edition
by Mark L. Zyla (Author)
Get up to date on the latest FASB, SEC, and AICPA guidelines and best practices
Fair Value Measurement
provides hands-on guidance and the latest best practices for measuring
fair value in financial reporting. The Financial Accounting Standards
Board (FASB), the U.S. Securities and Exchange Commission (SEC), and the
American Institute of CPAs (AICPA) have all updated their guidelines
for practitioners, and this book details the changes from a practical
perspective. This new third edition includes a discussion on Private
Company Council accounting alternatives for business combinations and
impairment testing, with a detailed example of the Market Participant
Acquisition Premium (MPAP), including European and Asian examples and
expanded discussion of IFRS. Ancillary materials including
end-of-chapter questions and answers, PowerPoint slides, and a test bank
help you quickly grasp the concepts presented, making this book ideal
for both classroom and practitioner use.
Fair value measurement
guidelines continue to evolve, and this comprehensive reference provides
a valuable, up-to-date resource for preparers, auditors, and valuation
specialists.
- Adopt the best practices for implementing the FASB's Topic 820
- Learn the latest reporting requirements for fair value measurements
- Understand accounting alternatives for business combinations
- Examine the details of MPAP in Europe and Asia
Applying
fair value measurements to financial statements requires a move away
from rules-based standards and toward application of professional
judgment. This controversial shift has led to a reliance on valuation
specialists, who face their own challenges in applying Topic 820 amidst
an economic downturn and recovery, leading to an ever evolving set of
best practices. Practitioners must stay up to date, and be aware of the
changes as they occur. Fair Value Measurement provides the most recent information and a practical approach to this area of financial reporting.
