Fair value accounting continues to be one of the most complex and controversial areas of accounting today, and its impact on the global economy is well documented. The FASB also continues to struggle with just how its guidance should be applied, as evidenced by the issuance thus far of several FASB Staff Positions and Accounting Standards Updates dealing with fair value issues. This course provides a review of fair value accounting in the context of FASB ASC 820, Fair Value Measurement, and other U.S. accounting standards. The course shows you how to measure the fair value of specific assets and liabilities and includes the pros and cons of fair valuing select balance sheet items. The course also includes practical examples of applying fair value measurements and disclosures under the authoritative guidance provided in FASB ASC 820 and other U.S. accounting standards.