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

by Michael J. Mard (Financial Valuation Group, LLC.); James R. Hitchner ( ); Steven D. Hyden

• ISBN13: 9780471680413
• ISBN10: 0471680419
• Format: Hardcover
• Copyright: 2007-09-01
• Publisher: Wiley

Summary

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: Explains the new valuation aspects now required by SFAS No. 157 Presents the new definition of fair value and certain empirical research Distinguishes fair value from fair market value Provides a case study that measures the fair values of intangible assets and goodwill under SFAS Nos. 141 and 157 Includes a detailed case study that tests the impairment of goodwill and long-lived assets and measures the financial impact of such impairment under SFAS Nos. 142 and 144 Cross-references and reconciles the valuation industry's reporting standards among all of the valuation organizations Includes two sample valuation reports, one of which is a new USPAP- compliant PowerPointr presentation format Includes implementation aids for controlling the gathering of data necessary for analyses and for guiding the valuation work program

Author Biography

Michael J. Mard, CPA/ABV, ASA, served the Valuation Resource Group of the Financial Accounting Standards Board (FASB). Mard has testified in court extensively on intellectual property and intangible asset matters. He is the coauthor of seven books (all published by Wiley) and numerous articles and presentations.

James R. Hitchner, CPA/ABV, ASA, is the Editor of Financial Valuation: Applications and Models, Second Edition and coauthor of Financial Valuation Workbook, Second Edition (both published by Wiley). He has written courses, published articles, and has made over seventy conference presentations. Both Mard and Hitchner were ad hoc advisors to the FASB in its deliberations concerning SFAS Nos. 141 and 142.

Steven D. Hyden, CPA/ABV, ASA, CM & AA, is coauthor of Financial Valuation: Applications and Models, Second Edition (Wiley). His expertise includes family limited partnerships, mergers and acquisitions, and intangible assets. He is a frequent speaker and instructor.

Table of Contents

Preface

Acknowledgments

About the Authors

About the Web Site

Fair Value Measurements and Financial Reporting

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

Pronouncements Excluded From SFAS No. 157

Glossary

Intangible Assets and Goodwill

Intellectual Property

Significant Changes in SFAS No. 141R

Case Studies

Reports and Reporting Standards

Implementation Aids

Index

Table of Contents provided by Publisher. All Rights Reserved.