Show navigation

Live Webinar

90-minute live streaming program
  • March 27
  • 1:00 - 2:30 pm EST

Business Combinations and Goodwill: What is the Latest With Fair Value?

March 27

Gain a better understanding of financial statements with the current status of best practices in fair value measurement for financial reporting.

Fair value measurement in financial reporting is a controversial topic. Investors indicate that they prefer the information that fair value conveys when making an investment decision. Some preparers, particularly certain private companies wonder if fair value is worth the cost and complexity for their needs. Fair value measurement requires certain judgment by valuation specialists in which also present unique challenges to preparers and auditors. Business combinations and goodwill will provide preparers of financial statements with the current status of best practices in fair value measurement for financial reporting, particularly with business combinations, including the latest with private company alternative accounting and the fair value quality initiative. The material will also discuss regulators viewpoints on measuring fair value and other audit concerns. Finally the information will discuss the status of credentialing valuation specialists who practice in this area.

Learning Objectives

  • You will be able to review the history of fair value measurements in financial reporting.
  • You will be able to identify the latest best practices in fair value measurements in business combinations.
  • You will be able to recognize the regulators of fair value and what preparers should know.
  • You will be able to discuss the future of fair value in financial reporting.

Purchase Options

More Program Information

Why Lorman?

Over 32 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

History of Fair Value Measurements in Financial Reporting
Relevant Accounting Standards
  • ASC 820 Fair Value Measurement
  • ASC 805 Business Combinations
  • ASC 350 Goodwill and Other Intangible Assets
  • ASC 360 Property, Plant and Equipment
  • Private Company Alternatives
Latest "Best Practices" in Fair Value Measurements in Business Combinations
  • AICPA- Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies (PE/VC) Guide.
  • AICPA – Business Combinations ( BizComb)Guide
    • Fair Value of Inventory
  • Fair Value of Contingent Consideration
  • The Remaining Useful Lives of Intangible Assets
Regulators and Fair Value – What Preparers Should Know
  • Security and Exchange Commission Guidance
  • PCAOB Guidance for Auditing Fair Value
  • PCAOB Audit Deficiencies Related to Fair Value Measurements
  • Issues in Auditing Fair Value
Fair Value Quality Initiative
  • History and Development
  • Current Status
  • The Certified in Entity and Intangible Valuation ("CEIV") Credential for Valuation Specialists
Future of Fair Value in Financial Reporting
Purchase Options

More Program Information

Why Lorman?

Over 32 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

Live Webinar Registration

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for controllers, CFOs, CEOs, business managers and owners, tax managers and officers, buyers, accountants, operation and production managers and inventory managers.

Purchase Options

More Program Information

Why Lorman?

Over 32 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

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

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

Acuitas Inc

  • Managing director of Acuitas Inc in Atlanta, Georgia as an experienced practitioner with fair value measurements
  • Wrote Fair Value Measurement: Practical Guidance and Implementation, 2nd ed, published by John Wiley & Sons, he also co-wrote several portfolios on fair value topics published by BNA Bloomberg; he wrote Fair Value Accounting course published by the AICPA
  • Has served on several professional committees which developed best practices in fair value including the "AICPA’s Accounting and Valuation Guide," "Testing Goodwill for Impairment," and the "Appraisal Foundation’s Contributory Asset Charges" monograph
  • Member of the AICPA’s FVS Executive Committee as well as the Business Valuation Committee of the American Society of Appraisers
  • Conducts a two day workshop twice a year for the AICPA on "Fair Value Measurements"
  • Inducted into the AICPA’s Business Valuation Hall of Fame in 2013
  • Chairman of the Standards Review Board of the International Valuation Standards Council ( IVSC)
Purchase Options

More Program Information

Why Lorman?

Over 32 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 405732
Published 2019
Purchase Options

Register today before this event fills.