{"product_id":"fair-value-for-financial-reporting-meeting-the-new-fasb-requirements-hardback-9780471771845","title":"Fair Value for Financial Reporting; Meeting the New FASB Requirements (Hardback) 9780471771845","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eFair Value for Financial Reporting\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eMeeting the New FASB Requirements\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eAlfred M. King (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780471771845, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 9 June 2006\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e352 pages, Charts: 16 B\u0026amp;W, 0 Color\u003cbr\u003e23.1 x 16.3 x 3 cm, 0.692 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eIs Purchase Price Equal to Fair Value?\u003c\/b\u003e  \u003cp\u003eWith the FASB changing the requirements for increasing categories of assets and liabilities to be shown at current fair value, \u003ci\u003eFair Value for Financial Reporting\u003c\/i\u003e answers this and other pertinent questions with crystal clarity. Alfred King, a top expert in the field, provides financial executives and auditors with a deep understanding of fair value reporting, the appraisal process, and appraisal services, and demystifies this topic with practical advice and helpful knowledge, making it a trusted reference on the ins and outs of fair value financial disclosure.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eFair Value for Financial Reporting\u003c\/i\u003e highlights the accounting and auditing requirements for fair value information and offers a detailed explanation of how the FASB is going to change \"fair value\" with topics including: the FASB's fair value proposals; determining the fair value of intangible assets; whether fair value can truly be audited; valuation of liabilities and contingent payments; valuation of hard assets and real estate; why two appraisers come up with different results; auditing of valuation reports; and selecting and working with an appraiser.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePREFACE.  \u003cp\u003eCHAPTER 1. Impact of Fair Value on Earnings Per Share.\u003c\/p\u003e \u003cp\u003eFundamentals of SFAS 141R.\u003c\/p\u003e \u003cp\u003eDeveloping Fair Value in a Business Combination.\u003c\/p\u003e \u003cp\u003eHow an Appraiser Looks at Intangibles.\u003c\/p\u003e \u003cp\u003eIntended Use of Intangible Assets: “Market Participants”.\u003c\/p\u003e \u003cp\u003eEstimated Life of Assets.\u003c\/p\u003e \u003cp\u003eImpact on Earnings Per Share of Fair Value Calculations.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 2. What Is Fair Value?\u003c\/p\u003e \u003cp\u003ePurpose of an Appraisal.\u003c\/p\u003e \u003cp\u003eThree Different Values Do Not Disprove Appraiser Integrity.\u003c\/p\u003e \u003cp\u003eWhy Two Appraisers Provide Different Results.\u003c\/p\u003e \u003cp\u003eImportance of Assumptions.\u003c\/p\u003e \u003cp\u003eEvaluating an Appraisal Report.\u003c\/p\u003e \u003cp\u003eAccuracy of Appraisal Reports.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 3. What Is Fair Value Reporting?\u003c\/p\u003e \u003cp\u003eFASB Leads the Way.\u003c\/p\u003e \u003cp\u003eBalance Sheet versus Income Statement.\u003c\/p\u003e \u003cp\u003eChanges in Balance Sheets Measure Income.\u003c\/p\u003e \u003cp\u003eUnrealized Gains Can Be Manipulated to Create Income.\u003c\/p\u003e \u003cp\u003eShould We Have Fair Value?\u003c\/p\u003e \u003cp\u003eVolatility.\u003c\/p\u003e \u003cp\u003eConcepts Statement 7.\u003c\/p\u003e \u003cp\u003eFASB’s Fair Value Proposals.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 4. How Appraisers Develop Fair Value.\u003c\/p\u003e \u003cp\u003eBasic Valuation Principles.\u003c\/p\u003e \u003cp\u003eUse of the Three Approaches.\u003c\/p\u003e \u003cp\u003eCorrelating the Answer.\u003c\/p\u003e \u003cp\u003eValue In-Use versus Value In-Exchange.\u003c\/p\u003e \u003cp\u003eWhat Is Value In-Use?\u003c\/p\u003e \u003cp\u003eWhat Is Value In-Exchange?\u003c\/p\u003e \u003cp\u003eFASB’s Dilemma.\u003c\/p\u003e \u003cp\u003eCan Fair Value Be Audited?\u003c\/p\u003e \u003cp\u003eMarket Participants.\u003c\/p\u003e \u003cp\u003eIncome Taxes and Subchapters Considerations in Valuation.\u003c\/p\u003e \u003cp\u003eSelecting an Appraiser.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 5. Allocation of Purchase Price (SFASs 141R and 142).\u003c\/p\u003e \u003cp\u003eIs the Purchase Price Equal to Fair Value?\u003c\/p\u003e \u003cp\u003eTesting Fair Value.\u003c\/p\u003e \u003cp\u003eWeighted Average Cost of Capital.\u003c\/p\u003e \u003cp\u003eSynergies.\u003c\/p\u003e \u003cp\u003eComparing SFAS 141R with Its Predecessor, SFAS 141.\u003c\/p\u003e \u003cp\u003eTransaction Costs.\u003c\/p\u003e \u003cp\u003eContingent Consideration.\u003c\/p\u003e \u003cp\u003eFair Value of Equity Securities Issued.\u003c\/p\u003e \u003cp\u003eContingent Assets and Liabilities.\u003c\/p\u003e \u003cp\u003eRestructuring Costs.\u003c\/p\u003e \u003cp\u003eIdentifying Specific Intangible Assets.\u003c\/p\u003e \u003cp\u003eUnpatented Technology.\u003c\/p\u003e \u003cp\u003eBacklog.\u003c\/p\u003e \u003cp\u003eAssembled Workforce.\u003c\/p\u003e \u003cp\u003eBargain Purchases.\u003c\/p\u003e \u003cp\u003ePartial Acquisitions and Noncontrolling Interests.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 6. Determining the Fair Value of Intangible Assets.\u003c\/p\u003e \u003cp\u003eTrademarks, Trade Names.\u003c\/p\u003e \u003cp\u003eInternet Domain Names.\u003c\/p\u003e \u003cp\u003eNoncompetition Agreements.\u003c\/p\u003e \u003cp\u003eCustomer Lists and Customer Relationships.\u003c\/p\u003e \u003cp\u003eCustomer Relationships.\u003c\/p\u003e \u003cp\u003eFranchise Agreements.\u003c\/p\u003e \u003cp\u003eOperating and Broadcast Rights.\u003c\/p\u003e \u003cp\u003ePatented and Unpatented Technology.\u003c\/p\u003e \u003cp\u003eSoftware.\u003c\/p\u003e \u003cp\u003eSoftware Developed for Sale to Others.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 7. Valuation of Liabilities and Contingent Payments.\u003c\/p\u003e \u003cp\u003eFASB’s New Approach to Liabilities: “Expected Value”.\u003c\/p\u003e \u003cp\u003eEstimating and Valuing Legal Liabilities.\u003c\/p\u003e \u003cp\u003eValuing Environmental Liabilities.\u003c\/p\u003e \u003cp\u003eValuation of Contingent Purchase Price.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 8. Testing for Impairment.\u003c\/p\u003e \u003cp\u003eTesting Goodwill for Impairment.\u003c\/p\u003e \u003cp\u003eValuing Reporting Units.\u003c\/p\u003e \u003cp\u003ePhase 2: Implied Goodwill.\u003c\/p\u003e \u003cp\u003eTesting Identifiable Intangibles with an Indefinite Life.\u003c\/p\u003e \u003cp\u003eTesting Identifiable Intangibles with a Definite Life.\u003c\/p\u003e \u003cp\u003eImpairment of Property, Plant, and Equipment.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 9. Valuation of Hard Assets and Real Estate.\u003c\/p\u003e \u003cp\u003eHighest and Best Use.\u003c\/p\u003e \u003cp\u003eValue In-Use versus Value In-Exchange.\u003c\/p\u003e \u003cp\u003ePhysical Inspection and the Condition of Assets.\u003c\/p\u003e \u003cp\u003eAccounting Depreciation versus Appraisal Depreciation.\u003c\/p\u003e \u003cp\u003eNegative Goodwill.\u003c\/p\u003e \u003cp\u003eHierarchy of Earnings.\u003c\/p\u003e \u003cp\u003eAssets Held for Sale.\u003c\/p\u003e \u003cp\u003eWhat to Do About Undervalued Assets.\u003c\/p\u003e \u003cp\u003eSarbanes-Oxley Required Controls on PP\u0026amp;E.\u003c\/p\u003e \u003cp\u003eSize of the PP\u0026amp;E Problem.\u003c\/p\u003e \u003cp\u003eControlling PP\u0026amp;E.\u003c\/p\u003e \u003cp\u003eA Perfect Solution.\u003c\/p\u003e \u003cp\u003eA Workable Solution.\u003c\/p\u003e \u003cp\u003eMinimum Capitalization Amounts Should Be Raised.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 10. In-Process Research and Development.\u003c\/p\u003e \u003cp\u003eCost versus Value.\u003c\/p\u003e \u003cp\u003eDevelopment of In-Process Research and Development.\u003c\/p\u003e \u003cp\u003eValuation of IPR\u0026amp;D.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 11. Valuation of Inventories and Receivables.\u003c\/p\u003e \u003cp\u003eTrue Cost of Inventory.\u003c\/p\u003e \u003cp\u003eLIFO: Half of Fair Value.\u003c\/p\u003e \u003cp\u003eNet Realizable Value.\u003c\/p\u003e \u003cp\u003eSelling Expenses.\u003c\/p\u003e \u003cp\u003eWhat Is a “Reasonable Profit”?\u003c\/p\u003e \u003cp\u003eWork-in-Process and Raw Materials.\u003c\/p\u003e \u003cp\u003eInventory Obsolescence.\u003c\/p\u003e \u003cp\u003eSummary of Fair Value of Inventories.\u003c\/p\u003e \u003cp\u003eValuation of Receivables.\u003c\/p\u003e \u003cp\u003eSummary of Fair Value of Receivables.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 12. Valuing Stock Options.\u003c\/p\u003e \u003cp\u003eValuation of Options Under SFAS 123R.\u003c\/p\u003e \u003cp\u003eSeven Variables of Option Valuation.\u003c\/p\u003e \u003cp\u003eValuation Methodology for Stock Options.\u003c\/p\u003e \u003cp\u003eDeveloping Supportable Assumptions for the Valuation.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eCHAPTER 13. Auditing of Valuation Reports and Selecting an Appraiser.\u003c\/p\u003e \u003cp\u003eBe Careful What You Ask For!\u003c\/p\u003e \u003cp\u003eAuditor Review of Valuation Reports.\u003c\/p\u003e \u003cp\u003eEvery Appraisal Has at Least One Key Assumption.\u003c\/p\u003e \u003cp\u003eHow to Choose an Appraiser.\u003c\/p\u003e \u003cp\u003eObtaining and Evaluating Proposals for Valuation.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eINDEX.\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52298053452056,"sku":"9780471771845","price":64.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471771845.jpg?v=1781733133","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/fair-value-for-financial-reporting-meeting-the-new-fasb-requirements-hardback-9780471771845","provider":"Freshly Printed Books","version":"1.0","type":"link"}