Self-Study
The Essentials of ASC 820 – Fair Value Measurement Under U.S. GAAP
Price range: $116.00 through $136.00
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Secure Transaction CPE Credits
4 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
This course provides an overview of fair value measurements under ASC Topic 820 and the principles used to determine fair value under U.S. GAAP. It begins with the foundational concepts of fair value, including the exit price approach, market participant assumptions, and the fair value hierarchy. The course then expands to cover valuation techniques, including the market, income, and cost approaches, as well as the application of fair value concepts in areas such as business combinations, impairment testing, and financial instruments. This course concludes with an examination of the common challenges associated with fair value measurements, including the use of significant estimates, management assumptions, and valuation judgments.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the key concepts underlying fair value measurements under ASC Topic 820
- Recall the primary elements of the fair value definition and exit price concept
- Distinguish between the principal market and most advantageous market
- Identify the types of inputs used in fair value measurements
- Distinguish between Level 1, Level 2, and Level 3 inputs
- Determine the appropriate level of inputs used in fair value measurements
- Recognize challenges associated with unobservable inputs and management assumptions
- Identify the primary valuation approaches used to measure fair value
- Select appropriate valuation techniques based on available information
- Distinguish between market, income, and cost approaches
- Identify common accounting areas requiring fair value measurements
- Recognize risks associated with fair value estimates and assumptions
- Determine how valuation judgments impact fair value measurements
- Select appropriate considerations when evaluating complex fair value measurements
Course Specifics
SS126485705
August 7, 2026
There are no prerequisites.
None
90
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
