Fair Value for Accountants

Fair value is in the spotlight, and fair value accounting has never been more important. But despite such attention by standard setters and regulators, estimating fair value of an asset or liability can still be extremely complex and uncertain.

This one-day seminar provides accounting and reporting professionals with an in-depth understanding of the requirements of ASC Topic 820, the FASB standard for fair value measurement. Through class exercises and illustrative examples, participants will study the fundamental principles of fair value, the key assumptions and methodologies used to estimate fair value, and typical practice issues highlighted by regulators. Participants will come away better able to effectively apply fair value principles in their accounting and reporting activities.

11/14/2018 Houston
CPE Credit:
$1,395 **

Venue and Hotel Details


Although the course is updated throughout the year as developments occur, topics are expected to include:

  • Introduction to fair value measurement
    • Scope of ASC Topic 820
    • Areas in US GAAP where fair value measurement is utilized
    • Recent emphasis on fair value measurements, views on fair value measurement as basis for accounting
    • Definition of fair value under ASC Topic 820
  • Typical valuation methodologies
    • Market, income and costs approaches
    • Common valuation methods used for different types of assets/liabilities
  • Fair value of financial assets
    • Fair value for equity securities, debt securities, derivative financial instruments, other alternative investments
    • Various issues, including blockage discounts, restricted securities, bid-ask spread, transaction costs, consideration of credit risk/liquidity risk and other factors, etc.
  • Using NAV as a practical expedient to fair value
    • Fair value for alternative investments
    • FV vs. NAV, qualifying for practical expedient, practice issues
  • Fair value of nonfinancial assets
    • Highest and best use of a nonfinancial asset, valuation approaches, key assumptions used to determine fair value, etc.
  • Fair value of liabilities
    • Valuation approaches to determine fair value of liabilities, consideration of non-performance risk, recognizing changes in fair value due to credit risk for liabilities
  • Financial statement presentation
    • Measuring fair value on a "net basis" of assets/liabilities
    • Fair value hierarchy
    • Other disclosure requirements
    • Example financial statement disclosures

Program Details

Prerequisite:   None
Preparation:   None
Level of Knowledge:   Basic
Field of Study:   Accounting
Delivery Method:   Group Live, Instructor-Led Course

Course Leaders

GAAP Dynamics, a training firm that provides tailored and engaging learning solutions to companies and accounting firms worldwide. Their passion for making accounting understandable and their extensive industry knowledge combine to create a uniquely effective learning experience. They make accounting fun!

* Discounts cannot be combined and must be applied at time of initial registration.

** Tuition price includes daily breakfast, lunch, and morning and afternoon refreshments.

If you have previously attended this course, you may not be eligible for CPE credits. Please contact KPMG Executive Education to confirm your eligibility.