{"product_id":"fair-value-for-financial-reporting-isbn-9780471771845","title":"Fair Value for Financial Reporting","description":"\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  PREFACE.  \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 \u003cb\u003eAlfred M. King\u003c\/b\u003e (Spotsylvania, VA), CMA, is the Vice Chairman of Marshall \u0026amp; Stevens, a national firm of appraisers. He is also a past Chairman of the Accounting Committee of the Institute of Management Accountants.  In today's dynamic and volatile markets, whether buying or selling, what corporate officers need to know is the current worth of an asset. Although the FASB has now concluded that fair value is the most relevant measure for financial instruments, determining fair value for investors has become a complex and, at times, confusing task. \u003cbr\u003e \u003cbr\u003e   \u003cp\u003eFair Value for Financial Reporting is a nuts-and-bolts book dedicated to equipping corporate financial officers and auditors with the tools to understand fair value and the appraisal process and to become educated buyers of appraisal services. Author Alfred King, valuation authority, clearly shows his experience in this subject, filtering complicated insider concepts into easy-to-understand information on the valuation specialist's function, the many new FASB pronouncements involving fair value, and the accounting and auditing requirements for fair value reporting.\u003c\/p\u003e \u003cp\u003eNot designed as a how-to book on performing appraisal, Fair Value for Financial Reporting instead familiarizes financial officers on the ins and outs of fair value financial disclosure, including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePreparation of valuations in a manner consistent with GAAP and current SEC interpretations after the Sarbanes-Oxley Act\u003c\/li\u003e \u003cli\u003eSelecting an appraiser\u003c\/li\u003e \u003cli\u003eWhat corporate executives should expect from their appraisers and valuation specialists\u003c\/li\u003e \u003cli\u003eHow appraisers develop fair value and the assumptions they have to make\u003c\/li\u003e \u003cli\u003eHow corporate liabilities such as lawsuits and contingent payments are now valued\u003c\/li\u003e \u003cli\u003eHow to evaluate an appraisal report\u003c\/li\u003e \u003cli\u003eValuation of financial instruments\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWell written, conversational in tone, and filled with valuable insights, Fair Value for Financial Reporting lifts the veil of confusion from the substantial and growing requirements for fair value disclosures.\u003c\/p\u003e  Is Purchase Price Equal to Fair Value?\u003cbr\u003e \u003cbr\u003e   \u003cp\u003eWith the FASB changing the requirements for increasing categories of assets and liabilities to be shown at current fair value, Fair Value for Financial Reporting 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\u003eFair Value for Financial Reporting 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","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989194981605,"sku":"NP9780471771845","price":110.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471771845.jpg?v=1761783163","url":"https:\/\/k12savings.com\/es\/products\/fair-value-for-financial-reporting-isbn-9780471771845","provider":"K12savings","version":"1.0","type":"link"}