Fair Value Accounting: Tools and Concepts

5 Credits: Accounting


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Fair Value Accounting: Tools and Concepts

Course Level
CPE Credits

5 Credits: Accounting

Course Description

As the business world increasingly gravitates towards fair value measurements in financial reporting, understanding and applying these concepts has become crucial. This course is tailored to demystify the complexities of ASC 820 Fair Value Measurement and ASC 825-10 Financial Instrument—Fair Value Option. It provides a detailed exploration of the fair value framework, offering practical guidance on applying fair value measurements and identifying common valuation techniques. Through this course, you will gain the ability to recognize situations where fair value is essential, understand the prioritization of inputs in the fair value hierarchy, and meet the expanded disclosure requirements. The course is enriched with excerpts and references from ASC 820 and ASC 825-10, along with relevant examples, making it a practical tool for professionals in tax, accounting, and finance. By the end of this course, you will be equipped with the knowledge and skills to proficiently handle fair value measurements in your professional practice.

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Learning Objectives

After completing this course, you should be able to:

  • Recognize the concepts of using present values that help determine fair value;
  • Identify the appropriate circumstances for using fair values in financial reporting;
  • Recognize common valuation techniques used in determining the fair value of different assets and liabilities;
  • Recognize how the fair value hierarchy prioritizes the inputs used to measure fair value; and
  • Identify the expanded disclosure requirements for fair value measurements.
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Course Specifics

Course ID
Revision Date
April 20, 2023

Basic Math

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.