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Fair Value: Definition and Key Elements   

1

Total CPE
Tuition
$125.00
Approximate Length
01:00:00
Course Number
23-WB-307
1

Total CPE
Tuition
$125.00
Approximate Length
01:00:00
Course Number
23-WB-307

Course Details

This course explores the definition, key elements and requirements for fair value measurement accounting.

Measuring fair value requires a consistent process and involves significant judgement and estimation.

In this course, you will be introduced to:

  • the definition of fair value
  • the key elements of fair value, including principal market, exit price, market participant assumptions, and orderly transactions.

By the end of this course, participants should be able to:

  • recall the definition of fair value and the key elements of the definition in accordance with ASC Topic 820
  • identify the use of market participant assumptions for fair value measurements.

Note: This course references data and sources that were available at the time of development. Please visit the Financial Reporting View website for the most up-to-date guidance and insights.

Keywords: Fair Value, ASC 820, Principal Market, Exit Price, Market Participants Assumptions, Orderly transactions, Accounting

Other Details

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.

Pre-requisites: There are no pre-requisites for this course.


Level of Knowledge: Overview
Field of Study: Accounting – 1
Delivery Method: Web Based Self Study

This course explores the definition, key elements and requirements for fair value measurement accounting.

Measuring fair value requires a consistent process and involves significant judgement and estimation.

In this course, you will be introduced to:

  • the definition of fair value
  • the key elements of fair value, including principal market, exit price, market participant assumptions, and orderly transactions.

By the end of this course, participants should be able to:

  • recall the definition of fair value and the key elements of the definition in accordance with ASC Topic 820
  • identify the use of market participant assumptions for fair value measurements.

Note: This course references data and sources that were available at the time of development. Please visit the Financial Reporting View website for the most up-to-date guidance and insights.

Keywords: Fair Value, ASC 820, Principal Market, Exit Price, Market Participants Assumptions, Orderly transactions, Accounting

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.

Pre-requisites: There are no pre-requisites for this course.


Level of Knowledge: Overview
Field of Study: Accounting – 1
Delivery Method: Web Based Self Study
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