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Fair value measurement, presentation and disclosure have been the subject of many accounting standards in recent years. Measurement uncertainty exists for all fair value items in the financial statements.
This course focuses on how to determine a fair value estimate for non-readily marketable investments that aren’t actively traded in a major exchange (such as private equity funds, certain high-yield bonds, and more).
Course Series
This course is included in the following series:
7 CoursesAn Auditor's Perspective on...
- Preparing Financial Statements – An Auditor’s Perspective on What Matters Most
- Independence Rules for CPA’s – An Auditor’s Perspective on Significant AICPA, Public Company, Governmental, and International Differences
- Designing and Performing Sampling Plans – An Auditor’s Perspective on Monitoring Internal Controls, Compliance, and the Reasonableness of Account Balances
- FASB ASC Section 205-40: Going Concern Uncertainty – An Auditor’s Perspective
- FASB ASC Topic 470: Debt – An Auditor’s Perspective on Common Balance Sheet Classification Issues
- FASB ASC Topic 820 Fair Value – An Auditor’s Perspective on Determining Fair Value of Non-Readily Marketable Investments
- Recently Issued GAAP Relevant to Small- or Mid-Size Private Companies – An Auditor’s Perspective on What Merits the Most Attention
Learning Objectives
- Discover types of non-readily marketable securities.
- Explore fair value modeling techniques for Level 3 financial instruments.
- Discover the use of Service Organization Control Reports to evaluate fair presentation of financial instruments.
Last updated/reviewed: November 4, 2019
9 Reviews (34 ratings)Reviews
Anonymous
(Accounting Manager: Statutory Reporting)
I enjoyed this course and learning how companies determine what a market participant is willing to pay for their assets and how that impacts the historical basis concepts used throughout accounting.
Anonymous
(Owner)
The instructor presents well both the concepts of valuation under various circumstances according to the codification as well as provides examples to clearly communicate how the concept is applied.
John Filbert
(Consultant at DLC Group)
Great class on FASB ASC Topic 820. The CPE has extensive learning objectives that are met in a short period of time. I felt the instructor was effective in her delivery and teachings.
Anonymous
(Program Management)
Great discussion on valuation. Instead of relying solely on market data, you can use these techniques as a checking for reasonableness of balances.
Thomas Hayes
(Clinical Associate Professor at University of Arkansas)
Well-organized course. I'm surprised by how much I don't know about fair value. Anyone teaching this in their courses would benefit.
Alex Ledin
(Financial Analyst at Lockheed Martin Co.)
Nice overview, and thoughtfully laid out. Would benefit from real-world examples as to why different levels of valuation are required.
Shirley Bailey
(Board Member at GMR Protection Resources)
I liked that the presenter gives detailed explanations and examples that help you understand otherwise very technical applications.
Anonymous
(Associate Director)
The course was great introductory course to ASC 820, the instructor was very effective.
Anonymous
(Consultant)
This course provides a thorough overview of the fair value methodologies.
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .