
QAS Self-Study

Overview

CPE Credits
2 Credits: Accounting
Course Description
Some assets and liabilities can now be reported at their fair values, which is a significant divergence from the common practice of only reporting historical costs. Fair Value Accounting helps the accountant sort out the situation by defining when fair value measurements should be performed, the parameters for measuring fair value, and how to disclose this information in the financial statements. The course also notes those situations in which fair value is used to evaluate whether assets have been impaired.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Identify the primary concepts and rules relating to the derivation of fair value measurements.
Chapter 2
- Note the situations in which the fair value option can be used.
Chapter 3
- Recognize the situations in which fair values or a modified form of fair values are applied to the valuation of acquired assets and liabilities, as well as the impairment analyses for inventory, fixed assets, and goodwill.
Course Specifics
Course ID 1183479 |
Revision Date May 17, 2021 |
Prerequisites There are no prerequisites |
Advanced Preparation None |
Compliance information
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)
Course Instructor

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …
Fair Value Accounting
$58.00 – $78.00

QAS Self-Study

Overview

CPE Credits
2 Credits: Accounting
Course Description
Some assets and liabilities can now be reported at their fair values, which is a significant divergence from the common practice of only reporting historical costs. Fair Value Accounting helps the accountant sort out the situation by defining when fair value measurements should be performed, the parameters for measuring fair value, and how to disclose this information in the financial statements. The course also notes those situations in which fair value is used to evaluate whether assets have been impaired.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Identify the primary concepts and rules relating to the derivation of fair value measurements.
Chapter 2
- Note the situations in which the fair value option can be used.
Chapter 3
- Recognize the situations in which fair values or a modified form of fair values are applied to the valuation of acquired assets and liabilities, as well as the impairment analyses for inventory, fixed assets, and goodwill.
Course Specifics
Course ID 1183479 |
Revision Date May 17, 2021 |
Prerequisites There are no prerequisites |
Advanced Preparation None |
Compliance information
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)
Course Instructor

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …
Fair Value Accounting
$58.00 – $78.00