Fair Value Measurement: Practical Guidance and Implementation (Wiley Corporate F&A) - Hardcover

Über die Autorin bzw. den Autor

MARK L. ZYLA is a Managing Director of Zyla Valuation Advisors, LLC. an Atlanta, Georgia based valuation and litigation consultancy firm. He is a Certified Public Accountant, Accredited in Business Valuation (CPA/ABV), Certified in Financial Forensics (CFF) by the American Institute of Certified Public Accountants (AICPA), a Chartered Financial Analyst (CFA), and an Accredited Senior Appraiser with the American Society of Appraisers certified in Business Valuation (ASA).

Mark is the Chairman of the Standards Review Board of the International Valuation Standards Council (IVSC) and has served on the AICPA's Forensic and Valuation Services Executive Committee. Mark was inducted into the AICPA Business Valuation Hall of Fame in 2013.

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Fair value accounting has changed how financial information is reported. Fair value is now often used as a basis of measurement for reporting for financial and non-financial assets and liabilities. As the amount of financial statement information measured at fair value under U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) continues to increase, so does the need for experienced and knowledgeable valuation specialists and auditors. This new edition of Fair Value Measurement: Practical Guidance and Implementation covers the history and evolution of fair value accounting, newly implemented accounting standards and best practices, fair value measurement standards and concepts, and more.

This fully revised and updated guide includes substantial new content and examples. In-depth chapters examine an inclusive range of important topics, while helping improve understanding of measuring fair value. The book begins by looking at the history and development of fair value accounting, current trends that affect fair value measurement, and how the once proposed convergence of U.S. GAAP with IFRS has influenced fair value concepts. An overview of fair value measurement in U.S. GAAP, including cross-references to FASB ASC 820, introduces important fair value framework concepts, Uniform Standards of Professional Appraisal Practice (USPAP) and International Valuation Standards (IVS). A chapter examining accounting standards for business combinations is followed by chapters on intangible assets, intellectual property, and testing goodwill for impairment under different accounting standards.

Various approaches to fair value measurement are explained in detail over the next several chapters. Hands-on examples demonstrate various methods and techniques for applying the cost approach to measure contributory assets, the market approach for measuring the fair value of certain intangible assets, and income approach methods used in business combinations. Subsequent chapters cover advanced valuation techniques, auditing fair value measurement, contingent consideration, and alternative investments. The closing chapter of the book provides a new case study illustrating the measurement of fair value for intangible assets, including a question and answer section that highlights important concepts.

Despite some challenges, such as the potential for reporting bias, fair value measurement significantly increases public trust in financial reporting. The goal of Fair Value Measurement: Practical Guidance and Implementation is to help overcome such challenges and assist valuation professionals to navigate the move towards fair value as the fundamental basis for accounting in the future.

Aus dem Klappentext

Fair value accounting has changed how financial information is reported. Fair value is now often used as a basis of measurement for reporting for financial and non-financial assets and liabilities. As the amount of financial statement information measured at fair value under U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) continues to increase, so does the need for experienced and knowledgeable valuation specialists and auditors. This new edition of Fair Value Measurement: Practical Guidance and Implementation covers the history and evolution of fair value accounting, newly implemented accounting standards and best practices, fair value measurement standards and concepts, and more.

This fully revised and updated guide includes substantial new content and examples. In-depth chapters examine an inclusive range of important topics, while helping improve understanding of measuring fair value. The book begins by looking at the history and development of fair value accounting, current trends that affect fair value measurement, and how the once proposed convergence of U.S. GAAP with IFRS has influenced fair value concepts. An overview of fair value measurement in U.S. GAAP, including cross-references to FASB ASC 820, introduces important fair value framework concepts, Uniform Standards of Professional Appraisal Practice (USPAP) and International Valuation Standards (IVS). A chapter examining accounting standards for business combinations is followed by chapters on intangible assets, intellectual property, and testing goodwill for impairment under different accounting standards.

Various approaches to fair value measurement are explained in detail over the next several chapters. Hands-on examples demonstrate various methods and techniques for applying the cost approach to measure contributory assets, the market approach for measuring the fair value of certain intangible assets, and income approach methods used in business combinations. Subsequent chapters cover advanced valuation techniques, auditing fair value measurement, contingent consideration, and alternative investments. The closing chapter of the book provides a new case study illustrating the measurement of fair value for intangible assets, including a question and answer section that highlights important concepts.

Despite some challenges, such as the potential for reporting bias, fair value measurement significantly increases public trust in financial reporting. The goal of Fair Value Measurement: Practical Guidance and Implementation is to help overcome such challenges and assist valuation professionals to navigate the move towards fair value as the fundamental basis for accounting in the future.