Fair Value Measurements Manager™ The most comprehensive and authoritative resource guide available to simplify Fair Value Measurements and Disclosure compliance
Fair Value Measurements Manager™ is an integrated collection of all the fair value measurement and disclosure support materials you need to implement this important standard with confidence.
This valuable resource provides:
Authoritative, up-to-date content
FASB and regulatory fair value measurement and disclosure requirements in original form as detailed analysis when necessary
Best practices of top tax professionals
Accounting Manager Advisor — Monthly Newsletter
Sample SEC filings
Updates as regulatory changes occur
Tax Tracker News™ for customized daily e-mail updates relating to federal and state tax news
Smart Chart™ functionality
Formats available/Update frequency
IntelliConnect®
Updated as needed
Commonly Asked Questions
40 Q&A’s have been added, covering the recent legislative developments. You’ll learn exactly how FASB, the SEC and Congress impact fair value measurement and disclosure requirements.
Approximately 175 questions and answers in SmartChart and Interactive Research Aid formats link directly to specific sections of source documents, related Best Practices and related Practice Aids.
Q&A Topics
Overview and Scope
What is Fair Value?
Definition and Measurement of Fair Value
Fair Value Hierarchy
Audit Issues
Valuation Methods
Recurring and Non-recurring Valuation
Principal and Most Advantageous Market
Disclosure Requirements
Exit and Entry Price
Observable and Unobservable Inputs
Response to Global Financial Crisis
Fair Value in an Economic Downturn
Determining Fair Value in Inactive Markets
Best Practices
SEC — Report and Recommendations Pursuant to Section 133 of the Emergency Economic Stabilization Act of 2008: Study on Mark-To-Market Accounting (December 30, 2008)
Professor H. David Sherman: FAS 157 Fair Value Accounting and the Financial Market Crisis (October 2008)
FASB Staff Position No. FAS 157-1
FASB Staff Position No. FAS 157-2
FASB Staff Position No. FAS 157-3
FASB Staff Position No. FAS 157-4
FASB Staff Position No. FAS 107-1 and APB 28-1
FASB Staff Position No.115-2 and FAS 124-2
SEC/FASB Clarifications on Fair Value Accounting (September 30, 2008)
SEC Sample Letter to Public Companies on MD&A Disclosures (September 2008)
PCAOB Staff Audit Practice Alert
PCAOB Ponders How to Audit Fair Value
AICPA: Auditor’s Approach to Fair Value
AICPA: Fair Value in Illiquid (or Less Liquid) Markets
AICPA: The Role of Fair Value Accounting in the Subprime Mortgage Meltdown (May 2008)
AICPA: Securitized Profits (May 2008)
SEC Sample Filings and Fair Value Hundreds of sample filings are periodically added to ensure that you have complete information.
Productivity Tools
Concise presentation downloadable to Microsoft® Word or Excel®
Live research links in the download, so information from source documents can be easily verified
Printer-friendly version
Searches saved for next session
Highlighted changes since last login
Searches made by keywords, phrases or synonyms
IntelliConnect® and CCH@Hand™ functionality
Practice Aids
FAS 157 Disclosure: Distribution of Assets and Liabilities in Fair Value Hierarchy
FAS 157 Disclosure: Recurring Level Three Measurements
FAS 157 Disclosure: Distribution of Assets and Liabilities on a Nonrecurring Basis
