Gain a better understanding of reporting with fair value measurements.
This presentation on FASB Statement 157 will provide you with a comprehensive understanding of fair value measurement and its importance in financial reporting. You will learn about the definition of fair value under FASB Statement 157, its implications in the current marketplace, and practical tips for implementing the new standards and working with an auditor. Additionally, you will gain insights into recent changes and trends in financial reporting and how they relate to fair value measurement.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Background of FASB Statement 157
- History and Purpose of FASB Statement 157
- Definition of Fair Value, Key Concepts, and Principles
- Importance of Fair Value Measurement in Financial Reporting
Implications of the Definition of Fair Value in the Current Marketplace
- Impact on Asset/Liability Valuation
- Challenges and Opportunities for Businesses
- Case Studies and Examples
Practical Tips for Applying the New Standards
- Best Practices for Implementation
- Common Pitfalls and How to Avoid Them
- Tools and Resources for Compliance
Changes in the Financial Reporting World Over 2022 and 2023
- Overview of Recent Changes and Trends
- How FASB Statement 157 Fits Into the Broader Landscape
- Future Developments and Predictions
Working With an Auditor
- Importance of Collaboration With Auditors
- Tips for a Smooth Audit Process
- How to Address Potential Issues and Discrepancies
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on July 19, 2023.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Benjamin Rodriguez
- Senior manager
- Leads the audit review practice within Withum’s valuation group
- Experienced in business valuation, including but not limited to ASC 805 purchase price allocations; ASC 718 stock compensation expense; 409a deferred compensation; ASC 350 goodwill impairment; and derivative valuation — convertible debt, SAFE, op-tions/warrants, contingent consideration
- Author of Unlocking Value Through Earn-outs: A Guide to Contingent Consideration in M&A Transactions
- B.S. degree in finance, University of Colorado at Boulder
- Can be contacted at [email protected] or 628-433-2558
Trevor Shaw, CPA, CFF, ABV
Withum Smith+Brown, PC
- Member of Withum’s Forensic and Valuation Services Team
- Experienced in providing valuations for financial reporting purposes (ASC 805, ASC 718, ASC 350) and complex financial instruments
- Performs reviews for Withum’s audit practice of third-party financial reporting valuations
- Experienced in valuations for litigation purposes, mergers and acquisitions, estate/gift tax planning, and SBA lending
- Certified Public Accountant (CPA) in New Jersey and Pennsylvania
- Certified in Financial Forensics (CFF)
- Accredited in Business Valuation (ABV)
- Member of the American Institute of Certified Public Accountants (AICPA) and New Jersey Society of Certified Public Accountants (NJCPA)
- B.S. degree in business administration, University of Pittsburgh
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$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.
