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CPE Self-Study

Fair Value Accounting

  • $149.00-$189.00
    Fair Value Accounting In Stock Product #: 733309
    AICPA Member: $149.00
    Non-Member: $189.00
  • $109.00-$139.00
    Fair Value Accounting Online Access Product #: 153343
    AICPA Member: $109.00
    Non-Member: $139.00

In this CPE course, gain insights into the rationale behind fair value measurement.

You will learn about the issues that arise when fair value accounting is implemented under existing FASB standards and see examples of these issues. Learn about the application of fair value measurement in the context of business combination. In addition, see sample presentations of the measurement and estimation challenges that confront preparers and auditors in the areas of initial recognition, subsequent measurement, goodwill impairment, and the use of a valuation specialist.

Learning Objectives

This course will prepare you to:

  • Identify and apply key concepts of fair value measurement
  • Determine instances when FASB guidance requires measurement of assets or liabilities at fair value
  • Identify considerations relating to fair value in the context of initial recognition and subsequent measurement
  • Recall considerations relating to working with a valuation specialist

Key Topics

  • Fair value measurement and disclosures
  • Fair value measurement in business combinations
  • Testing for subsequent impairment of fair value
  • Working with a valuation specialist
  • Documentation considerations

Who Will Benefit?

  • Practitioners and members in industry responsible for accounting and financial reporting

System Requirements

About the Authors

Mark L. Zyla, CPA/ABV, CFA, ASA

Atlanta, GA

Mark L. Zyla is a Managing Director of Acuitas, Inc. an Atlanta Georgia based valuation and litigation consultancy firm. Mark is the practice leader of the firm's valuation practice.

Mark received a BBA degree in Finance from the University of Texas at Austin and an MBA degree with a concentration in Finance from Georgia State University. Mark also completed the Mergers and Acquisitions Program at the Aresty Institute of The Wharton School of the University of Pennsylvania and the Valuation Program at the Graduate School of Business at Harvard University. He is a Certified Public Accountant, Accredited in Business Valuation ("CPA/ABV"), Certified in Financial Forensics ("CFF") by the AICPA, a Chartered Financial Analyst ("CFA"), and an Accredited Senior Appraiser with the American Society of Appraisers certified in Business Valuation ("ASA").

Mark serves on the AICPA's Forensic and Valuation Services Executive Committee. He is former member of the Business Valuation Committee of the AICPA, where he was also formerly the Chairman of the AICPA's ABV Examination Committee. He served for a number of years as the chairman of the AICPA's Fair Value Measurement Conference Committee. Mark is currently a member of the Business Valuations Committee of the ASA where he also serves on the business valuation standards subcommittee. He is one of the authors of the International Glossary of Business Valuation Terms which has been adopted by the major valuation organizations. He is also a member of the Liabilities Working Group of the International Valuation Standards Council ("IVSC"). Mark is on the Advisory Council of the Master of Science in Finance program at the University of Texas at Austin. In 2013, Mark was inducted into the AICPA Business Valuation Hall of Fame.

Mark is a frequent presenter and author on valuation issues. He has taught valuation courses at the FBI Academy in Quantico, Virginia and to the PCAOB in Washington D.C. He is on the faculty of the Federal Judicial Center and the National Judicial College teaching business valuation concepts to judges. Mark is author of Fair Value Measurement: Practical Guidance and Implementation 2nd ed. published by John Wiley & Sons, Inc. (2013). Mark is also the author of the course, "Fair Value Accounting: A Critical New Skill for All CPAs" published by the AICPA. Mark is also co-author of several portfolios related to Fair Value Measurement published by Bloomberg BNA.



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.