Course Information

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The Fair Value Option for Financial Assets and Financial Liabilities
Author: Steven C. Fustolo, CPA

Description:
This course is designed to provide you with the scope, specific rules, disclosure requirements and effective dates of FASB ASC Topic 825-10-10, Financial Instruments, Fair Value Option. It distills authoritative literature on the fair value option for financial assets and financial liabilities into a digestible source that is designed to assist accounting practitioners in putting these principles into practice. Throughout the course, many examples are given to facilitate understanding of the Standard.

Upon completion of this course, the professional will be able to:

  • State which FASB ASC Topics provide the standards regarding the fair value option for financial assets and liabilities
  • Describe the three-level fair value hierarchy for valuation
  • Describe the general rules of the fair value measurement option
  • Identify the disclosure requirements for fair value measurements

Course Details:
Price:  $32.00
Field of Study:  Accounting
Prerequisites:  None
Level:  Overview
Advanced Preparation:  None
Course was last updated on:  04/26/10
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Library:
Learning Center Core

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 2.0 CPE
QAS 2.0 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

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