Fair Value Measurement: Practical Guidance and Implementation, 3rd Edition
- 10h 22m
- Mark L. Zyla
- John Wiley & Sons (US)
- 2020
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.
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.
About the Author
MARK L. ZYLA is a Managing Director of Zyla Valuation Advisors, LLC. an Atlanta, Georgia based valuation and litigation consultancy firm. He is a Certified Public Accountant, Accredited in Business Valuation (CPA/ABV), Certified in Financial Forensics (CFF) by the American Institute of Certified Public Accountants (AICPA), a Chartered Financial Analyst (CFA), and an Accredited Senior Appraiser with the American Society of Appraisers certified in Business Valuation (ASA).
Mark is the Chairman of the Standards Review Board of the International Valuation Standards Council (IVSC) and has served on the AICPA's Forensic and Valuation Services Executive Committee. Mark was inducted into the AICPA Business Valuation Hall of Fame in 2013.
In this Book
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The History and Evolution of Fair Value Accounting
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The Mandatory Performance Framework
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Fair Value Measurement Standards and Concepts
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Taxes and Fair Value Measurements
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Business Combinations
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The Nature of Goodwill and Intangible Assets
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Impairment
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Example of a Qualitative Impairment Analysis—PlanTrust, Inc.
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The Cost Approach
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The Market Approach
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The Income Approach
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Advanced Valuation Methods for Measuring the Fair Value of Intangible Assets
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Measuring the Remaining Useful Life of Intangible Assets in Financial Reporting
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Fair Value Measurement for Alternative Investments
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Contingent Consideration
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Measuring the Fair Value of a Nonfinancial Contingent Liability—Example of a Loan Guarantee
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Auditing Fair Value Measurement
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Auditing Fair Value Measurement in a Business Combination
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Auditing Fair Value Measurement in a Goodwill Impairment Test
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Fair Value Measurement Case Study
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Suggested Case Study Solutions
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Model Fair Value Measurements Curriculum
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Glossary of International Business Valuation Terms
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Bibliography
