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Current Developments in Fair Value Measurements

Gain a better understanding of reporting with fair value measurements.

This presentation on FASB Statement 157 will provide you with a comprehensive understanding of fair value measurement and its importance in financial reporting. You will learn about the definition of fair value under FASB Statement 157, its implications in the current marketplace, and practical tips for implementing the new standards and working with an auditor. Additionally, you will gain insights into recent changes and trends in financial reporting and how they relate to fair value measurement.

104 minutes
Course Exam
Certificate of Completion
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Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Background of FASB Statement 157

  • History and Purpose of FASB Statement 157
  • Definition of Fair Value, Key Concepts, and Principles
  • Importance of Fair Value Measurement in Financial Reporting

Implications of the Definition of Fair Value in the Current Marketplace

  • Impact on Asset/Liability Valuation
  • Challenges and Opportunities for Businesses
  • Case Studies and Examples

Practical Tips for Applying the New Standards

  • Best Practices for Implementation
  • Common Pitfalls and How to Avoid Them
  • Tools and Resources for Compliance

Changes in the Financial Reporting World Over 2022 and 2023

  • Overview of Recent Changes and Trends
  • How FASB Statement 157 Fits Into the Broader Landscape
  • Future Developments and Predictions

Working With an Auditor

  • Importance of Collaboration With Auditors
  • Tips for a Smooth Audit Process
  • How to Address Potential Issues and Discrepancies
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 19, 2023.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Benjamin Rodriguez

Benjamin Rodriguez

  • Senior manager
  • Leads the audit review practice within Withum’s valuation group
  • Experienced in business valuation, including but not limited to ASC 805 purchase price allocations; ASC 718 stock compensation expense; 409a deferred compensation; ASC 350 goodwill impairment; and derivative valuation — convertible debt, SAFE, op-tions/warrants, contingent consideration
  • Author of Unlocking Value Through Earn-outs: A Guide to Contingent Consideration in M&A Transactions
  • B.S. degree in finance, University of Colorado at Boulder
  • Can be contacted at [email protected] or 628-433-2558
Trevor Shaw, CPA, CFF, ABV

Trevor Shaw, CPA, CFF, ABV

Withum Smith+Brown, PC

  • Member of Withum’s Forensic and Valuation Services Team
  • Experienced in providing valuations for financial reporting purposes (ASC 805, ASC 718, ASC 350) and complex financial instruments
  • Performs reviews for Withum’s audit practice of third-party financial reporting valuations
  • Experienced in valuations for litigation purposes, mergers and acquisitions, estate/gift tax planning, and SBA lending
  • Certified Public Accountant (CPA) in New Jersey and Pennsylvania
  • Certified in Financial Forensics (CFF)
  • Accredited in Business Valuation (ABV)
  • Member of the American Institute of Certified Public Accountants (AICPA) and New Jersey Society of Certified Public Accountants (NJCPA)
  • B.S. degree in business administration, University of Pittsburgh
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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All of your training, right here at Lorman.

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Product ID: 410670
Published 2023
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