Mastering the Basics of Fair Value Accounting with ASC 820

Course Information

Title:	Mastering the Basics of Fair Value Accounting with ASC 820
Category:	Accounting and Auditing
Field of Study:	Accounting
Course Code:	M348
CPE Credits:	4
Price:	34.95

Description

Description:

Once primarily associated with banks and financial institutions, fair value accounting under ASC 820 now applies to a wide range of entities and transactions. From financial instruments and leases to business combinations and impairment assessments, GAAP increasingly requires or permits the use of fair value measurements. This course will help you build a solid understanding of the fundamentals of fair value accounting and its growing relevance in today’s financial reporting landscape.

Throughout the course, you’ll learn when fair value accounting is required and when it can be elected. We’ll explore the core principles of the ASC 820 framework, including the definition of “exit price,” key valuation approaches, and the hierarchy of inputs used in determining fair value. Practical examples will illustrate how to apply this complex guidance across common accounting scenarios.

Delivery Method: Online Interactive Self Study

Level: Intermediate

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Technical Details: Accounting and Auditing: Technical

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Objectives

Objectives:

Identify appropriate inputs to use when determining the fair value of an asset or liability
Recall when entities can elect and are required to use the fair value option
Identify how to determine the fair value of assets and liabilities under the ASC 820 fair value approach
Discuss the “Exit price” approach used in ASC 820

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents

Profession Identifiers: CPA