Self-Study
Fair Value – Understanding the ASC 820 Framework and Measurement Principles
Price range: $29.00 through $49.00
Webcasts are available for viewing Monday – Friday, 8am – 8pm ET,
and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
This course introduces the fundamental concepts and framework for measuring fair value under ASC Topic 820. It begins with the definition of fair value and the exit price concept, including the importance of using market participant assumptions when determining value. The course covers key concepts such as the principal market versus the most advantageous market, highest and best use considerations, unit of account, and when fair value measurements are required under U.S. GAAP. It also provides an overview of recurring and nonrecurring fair value measurements and highlights common accounting areas where fair value is used in financial reporting.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the key concepts underlying fair valuemeasurements under ASC Topic 820
- Recall the primary elements of the fair valuedefinition and exit price concept
- Distinguish between the principal marketand most advantageous market
Course Specifics
SS126485896
August 5, 2026
There are no prerequisites.
None
32
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)
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
Kelen is a recognized author and reviewer of CPE courses and has authored over 230 courses (570+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple-choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has over 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP. Prior to HP, he served in …
QAS Self-Study
