| Description |
1 online resource (xix, 492 pages) : illustrations (some color) |
| Series |
Wiley corporate F&A |
|
Wiley corporate F & A series.
|
| Contents |
Cover -- Title Page -- Copyright -- Contents -- Preface -- Notes -- Acknowledgments -- Chapter 1 The History and Evolution of Fair Value Accounting -- Why the Trend Toward Fair Value Accounting? -- The Changing Economy -- Globalization -- Relevance and Transparency -- History and Evolution of Fair Value -- Development of Fair Value Concepts -- Fair Value of Financial Instruments -- Fair Value Measurement for Nonfinancial Assets and Liabilities -- Fair Value Measurement -- Fair Value Accounting and the Economic Crisis -- Mark-to-Market Accounting |
|
Application of Fair Value Accounting in Illiquid Market -- SEC Study on Mark-to-Market Accounting -- The FASB's Credit Crisis Projects -- Financial Crisis Advisory Group (FCAG) -- The FASB and IASB Convergence Project -- The SEC and IFRSs -- The Future of Fair Value Measurement -- Fair Value Quality Initiative for Valuation Specialists -- Conclusion -- Notes -- Chapter 1A The Mandatory Performance Framework -- Performance Requirements -- The Structure of the Mandatory Performance Framework -- The Scope of the Mandatory Performance Framework -- MPF and AMPF Checklist -- Conclusion -- Notes |
|
Chapter 2 Fair Value Measurement Standards and Concepts -- FASB ASC 820, Fair Value Measurement -- Definition of Fair Value Measurement -- ASC 820, Scope and Scope Exceptions -- Initial Measurement -- Fair Value Framework -- Application to Liabilities and Instruments Classified in a Reporting Entity's Shareholders' Equity -- Valuation Techniques -- Measuring Fair Value When the Volume or Level of Activity for an Asset or Liability Has Significantly Decreased -- Using Quoted Prices Provided by Third Parties -- Disclosures -- Required Disclosures -- Private Companies -- Fair Value Option |
|
Standards in the Valuation Profession and Fair Value Measurements -- Uniform Standards of Professional Appraisal Practice -- International Valuation Standards Council -- Conclusion -- Notes -- Chapter 2A Taxes and Fair Value Measurements -- Summary of Changes under 2017 TCJA -- Impact on Fair Value Measurements -- Impact on Cost of Capital -- Chapter 3 Business Combinations -- Mergers and Acquisitions -- Motives for Mergers and Acquisitions -- M & A Pitfalls -- Accounting Standards for Business Combinations-A Brief History -- ASC 805, Business Combinations -- The Acquisition Method |
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Other Business Combination Highlights -- Definition of a Business -- The Measurement Period -- Business Combinations Achieved in Stages -- Fair Value of the Contingent Consideration Transferred -- Acquisition-Related Costs -- Acquired Contingent Assets and Liabilities -- In-Process Research and Development (IPR & D) -- Private Company Alternative Accounting Under ASU 2014-18 -- Subsequent Accounting for Goodwill and Other Intangible Assets -- Conclusion -- Notes -- Chapter 4 The Nature of Goodwill and Intangible Assets -- History of Intangible Assets -- Intellectual Property |
|
Economic Basis of Intangible Assets |
| Summary |
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 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Description based on online resource; title from digital title page (viewed on November 22, 2021) |
| Subject |
Fair value -- Accounting -- Standards
|
|
Fair value -- United States
|
|
Fair value
|
|
United States
|
| Form |
Electronic book
|
| ISBN |
9781119448723 |
|
1119348919 |
|
9781119348917 |
|
1119448727 |
|
9781119349815 |
|
1119349818 |
|
