Video

  • 47 minutes

History of Fair Value Measurements, and Common Accounting Standards With Fair Value as the Unit of Measurement

 
Fair value accounting is a financial reporting approach that allows entities to measure or report an asset at prices that the asset would sell in an open marketplace to a market participant, or transfer a liability at an estimated price that a holder would have to pay to discharge the liability. Fair value is a market based notion. Assumptions in the fair value measurement have to be from a market participant or a market-based notion. Fair value is not necessarily the value that the holder actually holds the asset or liability.

In this 46-minute video our speaker, Mark L. Zyla CPA/ABV, CFA, ASA, reviews common accounting standards with fair value as a unit of measurement. He discusses ASC 820 fair value measurement, ASC 805 business combinations, ASC 350 goodwill and other intangible assets, and ASC 360 property, plant and equipment. Mr. Zyla also reviews FASB ASC 718 stock compensation and provides a definition of fair value under ASC 718 and ASC 505-50.

Mark L. Zyla CPA/ABV, CFA, ASA, is a managing director of Acuitas Inc in Atlanta, Georgia. He is an experienced practitioner with fair value measurements. Mr. Zyla served on several professional committees which developed best practices in fair value including the AICPA’s Accounting and Valuation Guide, Testing Goodwill for Impairment and the Appraisal Foundation’s Contributory Asset Charges monograph.
Runtime: 46 minutes

Faculty

Mark L. Zyla, CPA/ABV, CFA, ASA

Mark L. Zyla, CPA/ABV, CFA, ASA

Zyla Valuation Advisors LLC

Agenda

Faculty

Mark L. Zyla, CPA/ABV, CFA, ASA

Mark L. Zyla, CPA/ABV, CFA, ASA

Zyla Valuation Advisors LLC

  • Managing director of Acuitas Inc in Atlanta, Georgia as an experienced practitioner with fair value measurements
  • Wrote Fair Value Measurement: Practical Guidance and Implementation, 2nd ed, published by John Wiley & Sons, he also co-wrote several portfolios on fair value topics published by BNA Bloomberg; he wrote Fair Value Accounting course published by the AICPA
  • Has served on several professional committees which developed best practices in fair value including the "AICPA’s Accounting and Valuation Guide," "Testing Goodwill for Impairment," and the "Appraisal Foundation’s Contributory Asset Charges" monograph
  • Member of the AICPA’s FVS Executive Committee as well as the Business Valuation Committee of the American Society of Appraisers
  • Conducts a two day workshop twice a year for the AICPA on "Fair Value Measurements"
  • Inducted into the AICPA’s Business Valuation Hall of Fame in 2013
  • Chairman of the Standards Review Board of the International Valuation Standards Council ( IVSC)

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today

Access to all training products $699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.