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Friday, December 27, 2024 Live Webcast

Applying ASC 820: The Basics of Fair Value Accounting (X1-FRV4-2024-01-WEBNR-362-01)

9:00 AM - 12:30 PM EST
webcast

Vendor Platform

4 CPE Credits in AA

OVERVIEW

While once thought just to apply to banking and financial institutions, entities now need to apply fair value accounting under ASC 820 across a variety of transitions. From financial instruments to leases, business combination accounting and impairment measurement, GAAP either requires or allows the use of fair value measures in an ever-increasing number of circumstances.

DESIGNED FOR

Accounting and auditing practitioners at all levels desiring to understand the FASB’s fair value guidance

BENEFITS

  • Recall when entities can elect and are required to use the fair value option
  • Discuss the “Exit price” approach used in ASC 820
  • Identify how to determine the fair value of assets and liabilities under the ASC 820 fair value approach
  • Identify appropriate inputs to use when determining the fair value of an asset or liability

HIGHLIGHTS

  • Applicability of the use of ASC 820
  • The “exit price” approach
  • Examples of market, cost and income approaches to estimating fair value
  • Use of Level 1, 2 and 3 inputs in determining fair value

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in accounting and auditing.

ADVANCE PREPARATION

None

INSTRUCTOR

Samuel Monastra

Samuel A. Monastra, CPA

Samuel A. Monastra is a career public accountant. As a client-facing professional, Mr. Monastra has excellent experience working with publicly held companies and large privately held companies. Industry focus includes: healthcare; life sciences and technology; manufacturing and distribution; and real estate and construction. Sam has held executive level positions with “Big Four” and Top 10 international accounting firms, including KPMG, RSM, and BDO. Sam served as a member of the Editorial Board of the Pennsylvania CPA Journal and is a frequent speaker for a variety of national organizations including state CPA societies, the Institute of Internal Auditors, and the Institute of Management Accountants. Principal speaking topics include: revenue recognition, lease accounting, income tax accounting, business combinations, Fair Value, and financial reporting issues impacted by the IASB/FASB Convergence Project.

PRICING

$149.00 - Member

$169.00 - Nonmember

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Note: Online pre-registration will close on December 27 at 8:30 AM.

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COURSE DEVELOPER

Surgent