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Fair Value Measurement: Practical Guidance and Implementation, 3rd Edition





Fair Value Measurement: Practical Guidance and Implementation, 3rd Edition

Mark L. Zyla

ISBN: 978-1-119-19123-0 December 2019 544 Pages

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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.



Chapter 1 The History and Evolution of Fair Value Accounting

Appendix 1A The Mandatory Performance Framework

Chapter 2 Fair Value Measurement Standards and Concepts

Appendix 2A Taxes and Fair Value Measurements

Chapter 3 Business Combinations

Chapter 4 The Nature of Goodwill and Intangible Assets

Chapter 5 Impairment

Appendix 5A Example of a Qualitative Impairment Analysis – PlanTrust, Inc.

Chapter 6 The Cost Approach

Chapter 7 The Market Approach

Chapter 8 The Income Approach

Chapter 9 Advanced Valuation Methods for Measuring the Fair Value of Intangible Assets

Chapter 10 Measuring the Remaining Useful Life of Intangible Assets in Financial Reporting

Chapter 11 Fair Value Measurement for Alternative Investments

Chapter 12 Contingent Consideration

Appendix 12A Measuring the Fair Value of a Non-Financial Contingent Liability -

Example of a Loan Guarantee

Chapter 13 Auditing Fair Value Measurement

Appendix 13A Auditing Fair Value Measurement in a Business Combination

Appendix 13B Auditing Fair Value Measurement in a Goodwill Impairment Test

Chapter 14 Fair Value Measurement Case Study

Appendix 14A Suggested Case Study Solutions

Appendix 14B Model Fair Value Measurements Curriculum


About the Author