{"product_id":"the-professionals-guide-to-fair-value-the-future-of-financial-reporting-hardback-9781118004388","title":"The Professional's Guide to Fair Value; The Future of Financial Reporting (Hardback) 9781118004388","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Professional's Guide to Fair Value\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Future of Financial Reporting\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJames P. Catty (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118004388, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 21 February 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e256 pages\u003cbr\u003e23.6 x 16 x 2.3 cm, 0.44 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\u003eAn all-encompassing guide to the elements and basics of fair value\u003c\/b\u003e  \u003cp\u003eWith 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eWritten by the Chairman and co-CEO of the International Association of Consultants, Valuators and Analysts (IACVA)\u003c\/li\u003e \u003cli\u003eIncludes sample financial statements of both U.S. and foreign companies\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAppropriate for anyone involved professionally with finance—managers, accountants, investors, bankers, instructors, and students—\u003ci\u003eThe Professional's Guide to Fair Value\u003c\/i\u003e is a reliable reference on the ins and outs of fair value financial disclosure.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface xi  \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Significance of Value 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBusiness Uses for Valuation 2\u003c\/p\u003e \u003cp\u003eMergers and Acquisitions 2\u003c\/p\u003e \u003cp\u003eFinancial Reporting 3\u003c\/p\u003e \u003cp\u003eInvestment Bankers versus Valuators 8\u003c\/p\u003e \u003cp\u003eValuation Requirements 8\u003c\/p\u003e \u003cp\u003eLitigation Risks 9\u003c\/p\u003e \u003cp\u003eTen Commandments of Valuation 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Fair Value Concept 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRelevant Pronouncements 14\u003c\/p\u003e \u003cp\u003eDefinitions 14\u003c\/p\u003e \u003cp\u003eMarket Participants 15\u003c\/p\u003e \u003cp\u003eFair Value Accounting 16\u003c\/p\u003e \u003cp\u003eRevaluation under IFRS 16\u003c\/p\u003e \u003cp\u003eOther Types of Value 17\u003c\/p\u003e \u003cp\u003eValuation Principles 19\u003c\/p\u003e \u003cp\u003eReporting and Cash-Generating Units 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Fair Value Framework 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStage 1: Determine the Unit of Account 22\u003c\/p\u003e \u003cp\u003eStage 2: Evaluate the Premise of Value 24\u003c\/p\u003e \u003cp\u003eStage 3: Assess the Principal Market 29\u003c\/p\u003e \u003cp\u003eStage 4: Establish the Most Advantageous Market 30\u003c\/p\u003e \u003cp\u003eStage 5: Select Appropriate Valuation Methods 33\u003c\/p\u003e \u003cp\u003eStage 6: Estimate Fair Value Conclusions 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Taming the Future 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinitions 42\u003c\/p\u003e \u003cp\u003eEffect of Market Participants’ Assumptions 43\u003c\/p\u003e \u003cp\u003eScenario Analysis 45\u003c\/p\u003e \u003cp\u003eScenario Implications 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Projecting What Is to Come 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBase the Future on the Past 54\u003c\/p\u003e \u003cp\u003eThe Truth Is in the Parts 56\u003c\/p\u003e \u003cp\u003eAvoid Unnecessary Risks 59\u003c\/p\u003e \u003cp\u003eGarbage In, Garbage Out 63\u003c\/p\u003e \u003cp\u003eBelievable and Likely Conclusions 66\u003c\/p\u003e \u003cp\u003eQuality of Earnings 67\u003c\/p\u003e \u003cp\u003eConclusion 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: The Market Approach to Fair Value 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNature of Markets 70\u003c\/p\u003e \u003cp\u003eClassifying Assets 72\u003c\/p\u003e \u003cp\u003eComparable Transactions 74\u003c\/p\u003e \u003cp\u003eGuideline Entities 76\u003c\/p\u003e \u003cp\u003eGuideline Entities Example 79\u003c\/p\u003e \u003cp\u003eLicensed Asset Example 82\u003c\/p\u003e \u003cp\u003eConclusion 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: The Cost Approach to Fair Value 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCurrent Replacement Cost 85\u003c\/p\u003e \u003cp\u003eDeductions 87\u003c\/p\u003e \u003cp\u003eIntegrating the Factors 90\u003c\/p\u003e \u003cp\u003eResidual Value 92\u003c\/p\u003e \u003cp\u003eUseful Lives 92\u003c\/p\u003e \u003cp\u003eValuing Intangible Assets by the Cost Approach 97\u003c\/p\u003e \u003cp\u003eConclusion 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Income Approach to Fair Value 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapitalization Methods 106\u003c\/p\u003e \u003cp\u003eIncome Approach—Discounting 110\u003c\/p\u003e \u003cp\u003eTerminal Amounts 115\u003c\/p\u003e \u003cp\u003eApplication to Intangible Assets 116\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Sources of Value—Profits 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStructure of Businesses 121\u003c\/p\u003e \u003cp\u003eInnovation 122\u003c\/p\u003e \u003cp\u003eDuPont Analyses 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Sources of Value—Risks 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReducing Risks 136\u003c\/p\u003e \u003cp\u003eContinual Monitoring and Testing 136\u003c\/p\u003e \u003cp\u003eDealing with Biases 138\u003c\/p\u003e \u003cp\u003eRisk Rate Component Model 139\u003c\/p\u003e \u003cp\u003eIntellectual Capital Value Drivers 146\u003c\/p\u003e \u003cp\u003eConclusion 147\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Valuing Liabilities 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLiabilities Transferred Rather Than Settled 150\u003c\/p\u003e \u003cp\u003eAsset Retirement Obligations 157\u003c\/p\u003e \u003cp\u003eContingent Liabilities 158\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Business Combinations 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDo Mergers Pay Off? 162\u003c\/p\u003e \u003cp\u003eWhy Merge? 163\u003c\/p\u003e \u003cp\u003eDetermination of Synergies 166\u003c\/p\u003e \u003cp\u003eIntrinsic and Investment Values 167\u003c\/p\u003e \u003cp\u003eQuantification 167\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Purchase Price Allocation 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStage 1: Determine the Acquirer 174\u003c\/p\u003e \u003cp\u003eStage 2: Establish the Consideration’s Fair Value 176\u003c\/p\u003e \u003cp\u003eKnowledge of the Industry 178\u003c\/p\u003e \u003cp\u003eStage 3: Identify All the Items Involved 180\u003c\/p\u003e \u003cp\u003eStage 4: Select Appropriate Valuation Techniques 188\u003c\/p\u003e \u003cp\u003eStage 5: Estimate Fair Values and Reconcile Rates of Return 190\u003c\/p\u003e \u003cp\u003eConclusion 192\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Impairment 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReporting Units 194\u003c\/p\u003e \u003cp\u003eCash-Generating Units 196\u003c\/p\u003e \u003cp\u003eGoodwill 197\u003c\/p\u003e \u003cp\u003eAllocations 198\u003c\/p\u003e \u003cp\u003eGAAP Long-Lived Assets Impairment Test 198\u003c\/p\u003e \u003cp\u003eIFRS Impairment Test 200\u003c\/p\u003e \u003cp\u003eGAAP Goodwill Impairment Test 202\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: The Auditor’s Blessing 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAuditing Fair Values 208\u003c\/p\u003e \u003cp\u003eConclusion 220\u003c\/p\u003e \u003cp\u003eAbout the Author 221\u003c\/p\u003e \u003cp\u003eIndex 223\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":52417743061272,"sku":"9781118004388","price":48.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118004388.jpg?v=1784505950","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-professionals-guide-to-fair-value-the-future-of-financial-reporting-hardback-9781118004388","provider":"Freshly Printed Books","version":"1.0","type":"link"}