AICPA & CIMA Fair Value Measurements Workshop (April 2021)

Register early and save $100!

Early bird pricing expires March 8. Early bird savings will be shown in shopping cart.

Through a mix of live, instructor-led sessions and online courses on practical application, you will gain hands-on experience while interacting with your instructor and peers in a collegial setting, you’ll evaluate real-world case studies and participate in extended Q&A opportunities.

For best results, please ensure your video and audio are operating properly. Zoom system requirements. Accessing the live sessions: Your Zoom link will be emailed to you approximately 3 days prior to the start of the event.

You’ll also receive access to these testing goodwill for impairment articles to help you prepare for the workshop:

• Dealing with valuation uncertainty at times of market unrest
• Information value of the current impairment test: Leading or lagging indicator
• Is goodwill a wasting asset
• Opportunities for enhancing the goodwill impairment framework

Agenda

Day One

11:00 –12:40

Introductions and Seminar Overview

Overview of Fair Value Accounting 1. The changing economic and regulatory environment 2. Accounting and auditing standards setting and enforcement 3. FASB and IASB convergence project 4. Public versus private company reporting

FASB ASC 820, Fair Value Measurement

1. History and background
2. Definition of fair value
3. Fair value measurement concepts
4. Other definitions/inputs
5. Application of fair value to liabilities
6. Valuation techniques
7. Disclosures
8. Other FASB topics requiring fair value measurement

12:40 – 3:00

Mid-day break and optional supplemental review on testing goodwill for impairment articles

Office hours with Mark Zyla

2:30 – 2:55 Debrief and Q&A

3:00 – 4:40

Fair Value Measurements in Business Combinations

1. Introduction and background
2. Accounting overview
3. Steps in applying fair value measurements in a business combination
4. Disclosures

Testing for Subsequent Impairment of Fair Value

1. Overview
2. Order of testing
3. Impairment of goodwill and indefinite lived intangible assets
4. Qualitative goodwill impairment test
5. FASB ASU No. 2017-04, Simplifying the Test for Goodwill Impairment
6. Prospective information used in quantitative test
7. Impairment testing for indefinitely-lived intangible assets
8. Impairment testing for long-lived assets

Private Company Alternatives in Fair Value Accounting

Independent Self Study:

Valuations of Privately-Held-Company Equity Securities Issued as Compensation

Regulatory Environment

1. SEC and fair value measurement
2. PCAOB and fair value measurement guidance

Fair Value Under IFRS

The Cost Approach

1. Overview
2. Cost approach methods
3. Limitations of the cost approach

The Market Approach

1. Overview
2. Market approach methods
3. Limitations of the cost approach

The Income Approach

1. Overview
2. Income approach methods
3. Best practices

Day Two:

11:00am – 12:40pm

Mandatory Performance Framework

1. Background
2. Key terms
3. Primary benefits to valuation professionals and third parties
4. Scope of the framework

How Intangible Assets Create Value

1. History of intangible assets
2. How intangible assets create value
3. Three common valuation approaches

12:40 – 3:00pm Mid-day break

2:00pm – 4:30pm

Fair Value Measurements: Audit Considerations

1. Overview
2. Regulators and standard setters
3. The audit process
4. PCAOB guidance
5. Audits of non-public entities
6. SEC audit guidance

Group Case Study

4:35 – 5:00pm Wrap up and final Q&A

Workshop Adjourns

Explore each day’s sessions and activities, plus our lineup of expert speakers.