ASC 820: Fair Value Measurements

Fair value is pervasive throughout U.S. GAAP and is used in the accounting for investments, derivatives, business combinations, impairment, and many other transactions. These ASC 820 CPE courses provide both foundational and advanced training on fair value measurement, making them relevant to financial statement preparers, auditors, and other accounting professionals who work with assets or liabilities measured or disclosed at fair value.

The collection begins with the core concepts of ASC 820, Fair Value Measurement, including valuation approaches, inputs, and the fair value hierarchy. Additional courses address active and inactive markets, transactions that are not orderly, the net asset value (NAV) practical expedient, fair value considerations for liabilities, hierarchy classification issues such as matrix pricing and centrally cleared derivatives, and the effect of restrictions on the sale of an asset.

Topics covered include:

• Key concepts in fair value measurement
• Valuation approaches
• The fair value hierarchy
• Active, inactive, and not orderly markets
• NAV as a practical expedient
• Fair value measurement of liabilities
• Fair value hierarchy classification issues
• Restrictions on the sale of an asset

Further details

The collection begins with the framework in ASC 820, Fair Value Measurement: the meaning of fair value, the valuation approaches used to estimate it, and the fair value hierarchy that categorizes the inputs used in the measurement. Those concepts provide the foundation for the disclosures that allow financial statement users to understand both the amount reported and the nature of the inputs behind it.

The next course moves into situations where fair value becomes more judgmental. Learners consider active versus inactive markets, transactions that may not be orderly, use of net asset value (NAV) as a practical expedient, and special considerations when measuring liabilities. A separate course then focuses on hierarchy classification issues using examples such as on-the-run versus off-the-run Treasury securities, matrix pricing, and centrally cleared derivatives.

The final course addresses restrictions on the sale of an asset and how those restrictions affect the fair value analysis. Across the collection, the recurring theme is that fair value is not simply a number supplied by a pricing source - it is a measurement objective supported by assumptions, inputs, market-participant concepts, and disclosure judgments.

Who will benefit

These ASC 820 CPE courses are designed for accountants, valuation and financial reporting professionals, and auditors who prepare, review, or audit fair value measurements and disclosures. They are especially useful for teams dealing with investments, derivatives, business combinations, impairment analyses, private or thinly traded instruments, NAV measurements, or recurring questions about fair value hierarchy classification.

Value proposition

Purchase all 4 courses for $279 instead of $449 if purchased separately—a savings of $170.

Interested in group discounts? Contact us today to learn more.