Valuation for Financial Reporting: Fair Value Measurements and Reporting, Intangible Assets, Goodwill and Impairment / Edition 2

Valuation for Financial Reporting: Fair Value Measurements and Reporting, Intangible Assets, Goodwill and Impairment / Edition 2

by Michael J. Mard, James R. Hitchner, Steven D. Hyden
     
 

ISBN-10: 0471680419

ISBN-13: 9780471680413

Pub. Date: 08/10/2007

Publisher: Wiley

Fair Value Measurements and Reporting, Intangible Assets, Goodwill, and Impairment
Second Edition

Financial reporting of intangible assets and goodwill now requires a focus. Company management, auditors, and valuation analysts must determine fair value of all assets acquired in accordance with SFAS No. 141, Business Combinations; SFAS No. 142, Goodwill and

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Overview

Fair Value Measurements and Reporting, Intangible Assets, Goodwill, and Impairment
Second Edition

Financial reporting of intangible assets and goodwill now requires a focus. Company management, auditors, and valuation analysts must determine fair value of all assets acquired in accordance with SFAS No. 141, Business Combinations; SFAS No. 142, Goodwill and Other Intangible Assets; SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets; and the new SFAS No. 157, Fair Value Measurements. This book is an essential guide that explains how to identify the characteristics of goodwill and intangible assets, determine if impairment has occurred, and employ specific methods to assess the financial statement impact of such impairment.

This Second Edition of Valuation for Financial Reporting provides practical implementation guidance to practition-ers, auditors, and their clients in the private and public sectors. This must-have guide explains the new valuation aspects now required by SFAS No. 157. The Second Edition:

  • Presents the new definition of fair value and certain empirical research

  • Explains the hierarchy requirements of SFAS No. 157

  • Distinguishes fair value from fair market value

  • Discusses best practices for the valuation of in-process research and development

  • Presents detailed case studies and examples of applying and implementing SFAS Nos. 141, 142, 144, and 157

  • Presents the SFAS Nos. 141 and 157 case study in a standard narrative valuation report and in a new USPAP-compliant PowerPoint® presentation format

  • Examines the valuation industry's reporting standards with cross-referencing and reconciliation among all of the valuation organizations

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Product Details

ISBN-13:
9780471680413
Publisher:
Wiley
Publication date:
08/10/2007
Edition description:
REV
Pages:
240
Product dimensions:
6.40(w) x 9.09(h) x 0.89(d)

Table of Contents

Preface.

Acknowledgments.

About the Authors.

About the Web Site.

Chapter 1. Fair Value Measurements and Financial Reporting.

Appendix 1.1. References to APB and FASB Pronouncements (FASB SFAS No. 157, Appendix D).

Appendix 1.2. Pronouncements Excluded From SFAS No. 157.

Appendix 1.3. Glossary.

Chapter 2. Intangible Assets and Goodwill.

Appendix 2.1. Intellectual Property.

Appendix 2.2. Significant Changes in SFAS No. 141R.

Chapter 3. Case Studies.

Chapter 4. Reports and Reporting Standards.

Chapter 5. Implementation Aids.

Index.

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