Fair Value Measurement: Practical Guidance and Implementation - Hardcover

Zyla, Mark L.

Hardcover

ISBN 10: 111822907X ISBN 13: 9781118229071

Publisher: John Wiley & Sons Inc, 2012

Synopsis

FAIR VALUE MEASUREMENT

Practical Guidance and Implementation

"Writing Fair Value Measurement was a monumental task fraught with controversy not only in the U.S., but also abroad. Having coauthored a book with Mark as well as written one myself, I was even more impressed that Mark was able to navigate these fair value minefields and produce a work that will be a tremendous help to accountants and non-accountants alike. If you are looking for a 'one-stop' book on fair value measurement, this is it!"

—Neil J. Beaton, CPA/ABV, CFA, ASA, Managing Director, Valuation Services, Alvarez & Marsal

"In recent years, the FASB and the IASB have added many requirements for various assets and liabilities to be measured at fair value. In this book, Zyla clearly describes how to implement fair value measurement and how investors and creditors should interpret it. The crisp writing and illuminating analysis will help readers to grasp the essence of fair value accounting and to apply it wisely."

—J. Edward Ketz, Associate Professor of Accounting, Pennsylvania State University

"The focus of the book is on fair value measurement based on level 3 inputs. This is a critical area of valuations for financial reporting due to a false comfort given by routine application of evaluating models and assumptions without real possibilities of calibration. Mark Zyla offers an extraordinary help in understanding the reliability of the inputs and the outputs of the different methodologies and the inherent biases in each of them. The book is a precious support for better valuation both in U.S. GAAP and in IFRS fair value reporting."

—Mauro Bini, Full Professor of Corporate Finance, Bocconi University; Chairman, Management Board OIV (Organismo Italiano di Valutazione) Essential guidance on the fair value measurement process

Now in a second edition, Fair Value Measurement: Practical Guidance and Implementation helps you succeed in understanding the fair value accounting rules that entities must follow. The result is a resource that you can rely on to understand the importance of valuation and the concepts that define it. In basic, nontechnical language, author Mark Zyla presents practical direction for best practices of financial valuation as well as for understanding the many FASB pronouncements involving fair value. An essential guide for auditors and valuation specialists, Fair Value Measurement: Practical Guidance and Implementation, Second Edition brings you up to speed on what fair value really means.

About this title

About the Author

MARK L. ZYLA, CPA/ABV, CFA, ASA, is a leader in the area of fair value measurement. He is Managing Director of Acuitas, Inc., an Atlanta, Georgia–based valuation and litigation consultancy firm, providing valuation consulting for various entities for the purposes of mergers and acquisitions, financial reporting, tax planning, corporate recapitalizations, as well as valuing various types of intellectual property and other intangible assets. He has served as Chairman of the AICPA's Fair Value Measurement Conference and serves on the AICPA's Impairment Issues Task Force. He is also the author of the AICPA courses "Fair Value Accounting: A Critical New Skill for CPAs" and "Valuing Goodwill and Other Intangible Assets." He was vice chairman of the Appraisal Foundation's first Best Practices in Valuation for Financial Reporting Working Group. He serves on the faculty of the National Judicial College. Mark lives in Atlanta with his wife, JoAnn, and son, Jack.

From the Inside Flap

In recent years, there has been an increasing trend toward the use of fair value accounting in financial reporting with several factors influencing this trend, including the growing economic importance of intellectual property, globalization, and investors' desires for more relevant and transparent financial statements. Be prepared with the definitive insights found in Fair Value Measurement: Practical Guidance and Implementation.

Now in a second edition, Fair Value Measurement: Practical Guidance and Implementation covers the best practices on measuring fair value in a business combination and how to subsequently test the value of these assets for impairment. This straightforward book offers foundational guidance for corporate management, valuation specialists, and auditors to understand the most recent developments in preparing financial statements using fair value measurement.

This new edition offers current case studies that familiarize readers with the ins and outs of fair value financial disclosure, filtering complicated concepts into easy-to-understand information. Here, author and valuation expert Mark Zyla offers a solid overview of:

• The history and evolution of fair value accounting
• Fair value measurement standards and concepts
• The nature of goodwill and intangible assets
• Impairment
• The cost approach, market approach, and income approach
• Advanced valuation methods for measuring the fair value of intangible assets
• Measuring the remaining useful life of intangible assets in financial reporting
• Fair value measurement for alternative investments
• Contingent consideration
• Auditing fair value measurement

Practical and comprehensive, Fair Value Measurement, Second Edition answers your fair value questions regarding the measurement process itself, the many new FASB pronouncements involving fair value, and the accounting and auditing requirements for fair value reporting.

Edition details

• Publisher: John Wiley & Sons Inc
• Publication date: 2012
• Language: English
• ISBN 10: 111822907X
• ISBN 13: 9781118229071
• Binding: Hardcover
• Edition number: 2
• Number of pages: 568