Fair Value Accounting

2 Credits: Accounting


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Fair Value Accounting

Course Level
CPE Credits

2 Credits: Accounting

Course Description

“Fair Value Accounting” is a comprehensive self-study CPE course tailored to guide accounting professionals through the nuances of fair value measurements. This course features in-depth content on the primary concepts and rules for deriving fair value measurements, offering clarity on when and how to apply these methods. Participants will benefit from detailed insights into the fair value option’s applications, including the valuation of acquired assets and liabilities and impairment analyses for inventory, fixed assets, and goodwill. By completing this online CPE course, you will not only understand the theoretical aspects of fair value accounting but also gain practical skills in applying these principles. This knowledge is invaluable in an environment where accurate and transparent financial reporting is crucial, enhancing your professional competence and credibility in the field of accounting.

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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.
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Course Specifics

Course ID
Revision Date
May 25, 2023

There are no prerequisites

Advanced Preparation


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

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …