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Essential procedures for the measurement and reporting of fair value in Financial statements
Trusted specialists Michael Mard, James Hitchner, and Steven Hyden present reliable and thorough guidelines, case studies, implementation aids, and sample reports for managers, auditors, and valuators who must comply with the Financial Accounting Standards Board Statement of Financial Accounting Standards Nos. 141, Business Combinations; 142, Goodwill and Other Intangible Assets; 144, Accounting for the Impairment or Disposal of Long-Lived Assets; and the new 157, Fair Value Measurements.
This important guide:
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.
Posted March 12, 2008
If you have questions about the valuation of intangible assets, or how to account for them in mergers and acquisitions, then you will find this book very helpful. The book gives a great overview of FAS 141 and 142 and provides great examples for application. It details the history of business combinations, why new accounting rules were needed in this area, the valuation of intangible assets, how to appropriately allocate the purchase price of mergers and acquisitions, and how to test for impairment of intangible assets. I found this book to be very reader friendly. It avoided the use of an overabundance of technical language, and the content was organized very well. Also, this book was a very good length. It was long enough to give plenty of details and information about the topic, but it wasn¿t so long that it was overwhelming or difficult to find the information you needed. The first part of the book discussed the history of valuing intangible assets and accounting for mergers and acquisitions. The book then went into an analysis of FAS 141 and provided an in-depth example on how to apply it. Next, the book discussed FAS 142 and provided an in-depth example for it as well. I really enjoyed the examples and found them very useful for seeing how to apply the two standards in a real-life setting. Perhaps one of the best parts of the book, however, were the implementation aids at the end to help you apply FAS 141 and 142 in your company.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.