Fair Value Measurements

Fair value measurements refer to the process of estimating the price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date, often used in financial reporting to ensure that financial statements reflect current market conditions.

You are browsing lesson previews. Check out the course or create a free account for a better experience!

Lesson Videos

Fair Value Measurements Overview and Objectives lesson thumbnail Fair Value Measurements Overview and Objectives Fair Value Hierarchy lesson thumbnail Fair Value Hierarchy Lower of Cost or Market Rule lesson thumbnail Lower of Cost or Market Rule Lower of Cost or Market Example lesson thumbnail Lower of Cost or Market Example Accounting for a Decline in Market Value lesson thumbnail Accounting for a Decline in Market Value Relative Sales Value Example lesson thumbnail Relative Sales Value Example Purchase Commitments lesson thumbnail Purchase Commitments Estimating Inventory - Gross Profit Method lesson thumbnail Estimating Inventory - Gross Profit Method Estimating Inventory - Retail Inventory Method lesson thumbnail Estimating Inventory - Retail Inventory Method Most Advantageous Market lesson thumbnail Most Advantageous Market Fair Value Measurements Summary lesson thumbnail Fair Value Measurements Summary Accounting changes and error corrections - Practice Questions lesson thumbnail Accounting changes and error corrections - Practice Questions

"Examprep.ai helped me pass all 4 CPA exams on the first try. I highly recommend. I especially like the feedback and ratings the software provides so I know where to focus my time."

smaple image

Daniel H., CPA

"I can't recommend ExamPrep.ai enough. Nick's lessons turned concepts I struggled with into strengths. I was able to pass FAR right before other exams expired!"

smaple image

Andrew K, CPA

"I just want to say thank you for the great lesson videos. I couldn't stay awake through lectures of another course. After watching all your FAR lessons I was finally able to pass!"

smaple image

Alyssa M., CPA Candidate
Get more from this course
Sign Up for Free View the Course
Select Transactions
Module: 8 Concepts, 74 Lessons
Accounting Changes and Error Corrections Overview and Objectives
1:31
Types of Accounting Changes
2:56
Changes in Accounting Principle
3:38
Changes in Accounting Estimate
6:34
Changes in Reporting Entity
0:50
Types of Accounting Errors
2:22
Accounting Changes and Error Corrections Summary
4:33
Accounting changes and error corrections - Practice Questions
4:16
Subsequent Events Overview
1:14
Subsequent Events Objectives
0:57
Recognized Subsequent Events
4:57
Non-Recognized Subsequent Events
1:44
Subsequent Events Evaluation Period
2:32
Subsequent Events Example
6:21
Subsequent Events Summary
1:02
Subsequent Events - Practice Questions
6:36
Fair Value Measurements Overview and Objectives
1:12
Fair Value Hierarchy
3:40
Lower of Cost or Market Rule
3:27
Lower of Cost or Market Example
2:23
Accounting for a Decline in Market Value
1:02
Relative Sales Value Example
2:18
Purchase Commitments
0:37
Estimating Inventory - Gross Profit Method
4:16
Estimating Inventory - Retail Inventory Method
2:49
Most Advantageous Market
3:11
Fair Value Measurements Summary
0:36
Accounting changes and error corrections - Practice Questions
4:01
Business Combinations Overview and Objectives
1:38
Voting Interest Model
3:56
Variable Interest Entities
5:25
Goodwill from Business Combinations
2:49
Goodwill Impairment
5:20
Accounting for Company Acquisition
8:11
Noncontrolling Interest in a Subsidiary
9:01
Noncontrolling Interest Example
4:41
Subsidiary Fair Value
1:41
Subsidiary Acquisition with Goodwill
2:07
Intercompany Transactions
5:30
Business Combinations Summary
0:50
Business combinations - Practice Questions
5:29
Contingencies and Commitments Overview
0:52
Contingencies and Commitments Objectives
1:09
Basic Concepts of Contingencies and Commitments
1:13
Loss Contingencies
3:10
Gain Contingencies
1:54
Contingency Treatments
1:24
Contingencies and Commitments Example
3:54
Contingencies and Commitments Summary
1:10
Contingencies and commitments - Practice Questions
4:19
Leases Overview and Objectives
1:46
Introduction to Leases
3:10
Lease Classification Process
14:07
Lessee Accounting for Finance Leases
18:41
Lessee Accounting for Operating Leases
9:47
Lessor Accounting for Operating Leases
3:20
Lessor Accounting for Sales-Type Leases
9:13
Leases Summary
0:38
Leases - Practice Questions
8:11
Research and Development Costs Overview and Objectives
0:57
Accounting for Research and Development
4:58
Classification of R&D Costs
3:12
Technological Feasibility: Capitalizing Versus Expensing
1:44
Treatment of Intangible Assets
1:31
Research and Development Costs Example
3:08
Research and Development Costs Summary
0:33
Research and development costs - Practice Questions
3:35
Software Costs Overview and Objectives
1:04
Expensing Versus Capitalizing Software Costs
1:28
Software Created for Internal Company Use
2:13
Software Created to be Sold or Licensed
2:35
Research and Development Example
2:22
Software Costs Summary
0:28
Differences between IFRS and U.S. GAAP - Practice Questions
5:34