Financial Reporting Issues

Fair Value Measurements and Disclosures – Topic 820 v1.1

Fair value accounting has become a frequent topic of discussion for accountants, users, and government regulators during the past few years. Topic 820, Fair Value Measurement, continues to cause confusion among accountants not only when applying recognition and measurement guidance but also with the extensive required disclosures. This course addresses fair value issues frequently encountered by accountants.  This course has been updated for ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.

Learning Objectives:

After completing this course, the course participant should be able to:

  • Describe the measurement and recognition guidance in Topic 820, Fair Value Measurement
  • Describe how Topic 820 applies to Topic 805, Business Combinations
  • Review the incremental financial instruments disclosure guidance at Subtopic 825-10-50
  • Identify the fair value disclosure requirements in Topic 820


Prerequisites/Advanced Preparation:

None

Speaker / Author:

John M. Fleming, licensed as a CPA in Pennsylvania, has served as the President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute and also as the Director of Content Development for Kaplan Financial Education, powered by SmartPros.  John retired from Kaplan in October of 2017. In retirement, John continues to provide seminars as a discussion leader for Kaplan Financial Education on a part-time basis.

John’s prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

John, a Pennsylvania CPA, served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA). In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community.  John has also served as the 2002/2003 President of the American Accounting Association’s Mid-Atlantic Region.

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Price (USD)

Standard: $24.95

Details

Course Code : 99FLE04-v3

Release Date : 11/21/2023
Expire Date : 01/31/2025
Credits :
CPE 1.00
QAS 1.00

Length : 50min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Financial Reporting Issues

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