The professional's guide to fair value: the future of financial reporting

An all-encompassing guide to the elements and basics of fair value 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. The elements and basics of fair value are covered, 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. Written by the Chairman and co-CEO of the International Association of Consultants, Valuators and Analysts (IACVA)Includes sample financial statements of both U.S. and foreign companies Appropriate for anyone involved professionally with finance--managers, accountants,investors, bankers, instructors, and students--The Professional's Guide to Fair Value is a reliable reference on the ins and outs of fair value financial disclosure. INDICE: Preface Acknowledgments Chapter 1: Significance of Value Business Uses for Valuation Mergers and Acquisitions Financial Reporting Investment Bankers versus Valuators Valuation Requirements Litigation Risks Ten Commandmentsof Valuation Chapter 2: Fair Value Concept Relevant Pronouncements Definitions Market Participants Fair Value Accounting Revaluation under IFRS Other Typesof Value Valuation Principles Reporting and Cash-generating Units Chapter 3: Fair Value Framework Stage 1: Determine the Unit of Account Stage 2: Evaluate the Premise of Value Stage 3: Assess the Principal Market Stage 4: Establish the Most Advantageous Market Stage 5: Select Appropriate Valuation Methods Stage 6: Estimate Fair Value Conclusions Chapter 4: Taming the Future Definitions Effect of Market Participants Assumptions Scenario Analysis Scenario Implications Chapter 5: Projecting What is to Come Base the Future on the Past The Truth is in the Parts Avoid Unnecessary Risks Garbage in Garbage Out Believable and Likely Conclusions Quality of Earnings Conclusion Chapter 6: The Market Approach to Fair Value Nature of Markets Classifying Assets Comparable Transactions Guideline Entities Guideline Entities Example Comparable Transactions Example Conclusion Chapter 7: The Cost Approach to Fair Value Current Replacement Cost Deductions Functional Deterioration Technological Obsolescence Documenting Obsolescence Physical Decline Economic Deprivation Integrating the Factors Residual Value Useful Lives Valuing Intangible Assets by the Cost Approach Conclusion Chapter 8: The Income Approach to Fair Value Capitalization Methods Income Approach Discounting Terminal Amounts Application to Intangible Assets Chapter 9: Sources of Value Profits Structure of Businesses Innovation Dupont Analyses Chapter 10: Sources of Value Risks Reducing Risks Continual Monitoring andTesting Dealing with Biases Risk Rate Component Model Intellectual Capital Value Drivers Conclusion Chapter 11: Valuing Liabilities Liabilities TransferredNot Settled Asset Retirement Obligations Contingent Liabilities Chapter 12: Business Combinations Do Mergers Pay Off? Why Merge? Determination of SynergiesIntrinsic and Investment Values Quantification of Synergies Chapter 13: Purchase Price Allocation Stage 1: Determine the Acquirer Stage 2: Establish the Consideration's Fair Value Knowledge of the Industry Stage 3: Identify All the Items Involved Stage 4: Select Appropriate Valuation Techniques Stage 5: Estimate Fair Values and Reconcile Rates of Return Conclusion Chapter 14: ImpairmentReporting Units Cash Generating Units Goodwill Allocations GAAP Long-Lived Assets Impairment Test IFRS Impairment Test GAAP Goodwill Impairment Test Chapter 15: The Auditor's Blessing Auditing Fair Values Conclusion About the Author Index

• ISBN: 978-1-118-00438-8
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 256
• Fecha Publicación: 08/02/2012
• Nº Volúmenes: 1
• Idioma: Inglés