
Self-Study



Basic



CPE Credits
10 Credits: Accounting
Course Description
With the important role fair value is playing in the creation of a converged set of global accounting standards, demand for products in this category is growing spectacularly. This course covers the elements and basics of fair value, including risk, dealing with the SEC, and details on legal responsibility. In addition, sample financial statements are included, along with tables, recommended applicable techniques, and management checklists for those who are responsible for preparing and approving of financial statements.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Identify an intangible asset
- Determine significant uses of valuation
Chapter 2
- Define fair value
- Identify other categories of value
- Recognize key valuation principles and secondary factors that are important in measuring fair value
Chapter 3
- Identify the six stages of calculating fair value, noting the characteristics of each stage and applicable examples
Chapter 4
- Define tools used to analyze prospective financial information
- List the stages involved in developing scenario analysis, noting characteristics and methodologies
Chapter 5
- Recognize the process of compiling and preparing financial projections, noting key terms, context, structure, models, assumptions, and results
Chapter 6
- Recognize the classification of assets at historical cost versus recording assets in categories that reflect their intrinsic characteristics, noting methods for applying the market approach of valuation and factors that help in selecting, comparing, and analyzing transaction data
- Identify comparable transactions or guideline entities, noting the selection process, sources of company information, weighting, and industry background
Chapter 7
- Recognize the components and process for determining current replacement cost
- Identify four factors that are used to estimate amounts to be deducted, noting the definition for each and the applicable integration of the impact of the factors
- Recognize the characteristics of asset depletion, the useful lives and remaining useful lives of an asset, and examples of intangible and entertainment assets
Chapter 8
- Specify the two methods under the income approach of valuation, noting their characteristics, components, and calculation requirements
Chapter 9
- Identify the process of innovation, noting the characteristics of each phase, value constellations, the Proctor & Gamble approach, and value maps
- Recognize the components, calculations, and profit margin drivers for DuPont analyses
Chapter 10
- Define reduction of risks
- Identify techniques that reduce risks, including continual monitoring and testing, dealing with biases, and using the risk rate component model
Chapter 11
- Recognize the process of valuing liabilities, noting the impact of liabilities that are transferred rather than settled, settlement amounts versus fair value, and credit changes
- Identify asset retirement obligations and contingent liabilities
Chapter 12
- Specify motivating factors behind business combinations
- Recognize the synergies and strategic advantages resulting from a business combination, noting quantifiable factors that increase revenues and lower costs
Chapter 13
- Identify the stages in the purchase price allocation process, noting key terms, components, classifications, and procedures of each stage
- Recognize the classification categories for intellectual property, noting applicable key term definitions, accounting requirements, and methods of valuation
Chapter 14
- Recognize the various reporting units and applicable impairment allocation
- Identify the elements and procedures for GAAP long-lived assets impairment tests, IFRS impairment tests, and the GAAP goodwill impairment tests
Chapter 15
- Recognize the auditor’s role in the measurement, accounting, and disclosure of fair values, noting auditing requirements, challenges, potential fraud, and going concern
Course Specifics
Course ID 1123367 |
Revision Date June 25, 2020 |
Advanced Preparation None |
Compliance information
Course Instructor



James P. Catty, CPA/ABV (US), CA/CBZ (Canada), CFA, CFE, CGMA, ICVS, MA, is the president and founder of Corporate Valuation Services Limited, a Canadian firm that specializes in valuing technology-oriented businesses throughout the world. In 2006, he became chairman of the International Association of Valuators, Consultants, and Analysts (IACVA), a global financial knowledge transfer and accrediting association with presence in over 20 countries. Since 2008, he has served as counsel to Hanlin Moss, PS, in Seattle, Washington, and Xi’an, China. He holds BA and MA degrees from Oxford and has been active in the profession for over 50 years. Clients …
The Professional's Guide to Fair Value



CPE CREDITS
10 Credits: Accounting
$290.00 – $320.00



Self-Study



Basic



CPE Credits
10 Credits: Accounting
Course Description
With the important role fair value is playing in the creation of a converged set of global accounting standards, demand for products in this category is growing spectacularly. This course covers the elements and basics of fair value, including risk, dealing with the SEC, and details on legal responsibility. In addition, sample financial statements are included, along with tables, recommended applicable techniques, and management checklists for those who are responsible for preparing and approving of financial statements.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Identify an intangible asset
- Determine significant uses of valuation
Chapter 2
- Define fair value
- Identify other categories of value
- Recognize key valuation principles and secondary factors that are important in measuring fair value
Chapter 3
- Identify the six stages of calculating fair value, noting the characteristics of each stage and applicable examples
Chapter 4
- Define tools used to analyze prospective financial information
- List the stages involved in developing scenario analysis, noting characteristics and methodologies
Chapter 5
- Recognize the process of compiling and preparing financial projections, noting key terms, context, structure, models, assumptions, and results
Chapter 6
- Recognize the classification of assets at historical cost versus recording assets in categories that reflect their intrinsic characteristics, noting methods for applying the market approach of valuation and factors that help in selecting, comparing, and analyzing transaction data
- Identify comparable transactions or guideline entities, noting the selection process, sources of company information, weighting, and industry background
Chapter 7
- Recognize the components and process for determining current replacement cost
- Identify four factors that are used to estimate amounts to be deducted, noting the definition for each and the applicable integration of the impact of the factors
- Recognize the characteristics of asset depletion, the useful lives and remaining useful lives of an asset, and examples of intangible and entertainment assets
Chapter 8
- Specify the two methods under the income approach of valuation, noting their characteristics, components, and calculation requirements
Chapter 9
- Identify the process of innovation, noting the characteristics of each phase, value constellations, the Proctor & Gamble approach, and value maps
- Recognize the components, calculations, and profit margin drivers for DuPont analyses
Chapter 10
- Define reduction of risks
- Identify techniques that reduce risks, including continual monitoring and testing, dealing with biases, and using the risk rate component model
Chapter 11
- Recognize the process of valuing liabilities, noting the impact of liabilities that are transferred rather than settled, settlement amounts versus fair value, and credit changes
- Identify asset retirement obligations and contingent liabilities
Chapter 12
- Specify motivating factors behind business combinations
- Recognize the synergies and strategic advantages resulting from a business combination, noting quantifiable factors that increase revenues and lower costs
Chapter 13
- Identify the stages in the purchase price allocation process, noting key terms, components, classifications, and procedures of each stage
- Recognize the classification categories for intellectual property, noting applicable key term definitions, accounting requirements, and methods of valuation
Chapter 14
- Recognize the various reporting units and applicable impairment allocation
- Identify the elements and procedures for GAAP long-lived assets impairment tests, IFRS impairment tests, and the GAAP goodwill impairment tests
Chapter 15
- Recognize the auditor’s role in the measurement, accounting, and disclosure of fair values, noting auditing requirements, challenges, potential fraud, and going concern
Course Specifics
Course ID 1123367 |
Revision Date June 25, 2020 |
Advanced Preparation None |
Compliance information
Course Instructor



James P. Catty, CPA/ABV (US), CA/CBZ (Canada), CFA, CFE, CGMA, ICVS, MA, is the president and founder of Corporate Valuation Services Limited, a Canadian firm that specializes in valuing technology-oriented businesses throughout the world. In 2006, he became chairman of the International Association of Valuators, Consultants, and Analysts (IACVA), a global financial knowledge transfer and accrediting association with presence in over 20 countries. Since 2008, he has served as counsel to Hanlin Moss, PS, in Seattle, Washington, and Xi’an, China. He holds BA and MA degrees from Oxford and has been active in the profession for over 50 years. Clients …
The Professional's Guide to Fair Value



CPE CREDITS
10 Credits: Accounting
With the important role fair value is playing in the creation of a converged set of global accounting standards, demand for products in this category is growing spectacularly. This course covers the elements and basics of fair value, including risk, dealing with the SEC, and details on legal responsibility. In addition, sample financial statements are included, along with tables, recommended applicable techniques, and management checklists for those who are responsible for preparing and approving of financial statements.
$290.00 – $320.00