The American Institute of CPAs has released a new white paper addressing the fair value measurement of financial assets and liabilities, for which there is no market.

Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities details the challenges of measuring fair value for not-for-profits.

Practitioners will learn how to apply the provisions of FASB Accounting Standards Codification 820, Fair Value Measurement, including considerations for determining an appropriate valuation technique based on facts and circumstances and different valuation approaches and techniques.

The document also provides insight on how to determine an appropriate discount rate when using present value techniques and need-to-know disclosure considerations. To augment the release of the paper, the AICPA's Governmental Audit Quality Center is hosting a two-hour Continuing Professional Education Web event on Nov. 1, 2011, from 1:00 to 3:00 PM ET.

To access the paper visit here.

 

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