Accounting Fair Value Measurement US GAAP ASC 820

Accounting Fair Value Measurement US GAAP ASC 820

Unlock the complexities of Fair Value Measurement (FVM) under US GAAP ASC 820 with this comprehensive course. Designed for accounting and finance professionals, this course provides a clear understanding of key concepts such as valuation techniques, fair value measurement of liabilities, and credit losses for financial instruments measured at amortized cost. Learn the essential principles and applications of ASC 820 to enhance your financial reporting skills and ensure compliance with current standards.

What You’ll Learn

• Introduction to Fair Value Measurement under ASC 820.
• Different valuation techniques including market, income, and cost approaches.
• How to measure liabilities at fair value and understand the key differences between asset and liability measurement.
• The Fair Value Option and how it impacts assets and liabilities.
• Understanding credit losses for financial instruments measured at amortized cost.

Explore Related Topics

Accounting | Financial Reporting | Finance | Valuation

Course Content Overview

Video 1: US GAAP ASC 820 Overview

In this introductory video, we’ll explore the fundamentals of ASC 820, focusing on definitions, the fair value measurement of assets and liabilities, and how valuation techniques are applied under US GAAP.

Video 2: Definitions

Learn key concepts such as Fair Value, Market Participants, Transaction Costs, and their application to both assets and liabilities.

Video 3: Valuation Techniques

Understand the three main approaches to valuation:

• Market Approach
• Income Approach
• Cost Approach
  Explore how inputs and the fair value hierarchy influence these methods.

Video 4: Fair Value Measurement of Liability

Examine the unique aspects of measuring liabilities at fair value, including the key differences between asset and liability measurement.

Video 5: Fair Value Option

Explore the Fair Value Option, its effects on assets and liabilities, and the disclosures required under this option.

Video 6: Credit Loss for Financial Instruments Measured at Amortized Cost

Learn how to account for credit losses on financial instruments, including the process and impact on financial statements.