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Monday, June 5, 2023 Live Webcast

Applying ASC 820: The Basics of Fair Value Accounting (X1-FRV4-2023-01-WEBNR-156-01)

9:00 AM - 12:30 PM EDT
webcast

Vendor Platform

4.0 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

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Surgent