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    Time Value of Money and Fair Value Accounting: Tools and Concepts
    Unavailable
    Time Value of Money and Fair Value Accounting: Tools and Concepts
    Unavailable
    Time Value of Money and Fair Value Accounting: Tools and Concepts
    Ebook295 pages2 hours

    Time Value of Money and Fair Value Accounting: Tools and Concepts

    By Dr Jae K. Shim

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    Fair values are more common in financial reports because fair values have increased in
    business importance in recent years. Increasingly elaborate financial instruments and
    risk management practices have created financial statement elements for which
    historical cost is almost irrelevant, and fair value, and fluctuations in fair value, are
    extremely relevant.
    According to the FASB’s recent guidance on fair value measurements ASC820-
    10-5 (FAS-157, Fair Value Measurements), Level 3 hierarchy accepts fair values estimates based on present value of expected future cash flows. Furthermore, CPAs must have a working knowledge of future value and present value concepts because of their application to numerous types of business events and transactions which require
    proper valuation and presentation.
    Time value of money is also a critical consideration in financial and investment
    decisions. For example, compound interest calculations are needed to determine future
    sums of money resulting from an investment. Discounting is used to evaluate the future
    cash flow associated with capital budgeting projects. This book aims at presenting the
    time value tools and techniques that are necessary for fair value measurements and for
    various financial decision making. Furthermore, this book is a comprehensive survey
    of fair value accounting with a discussion of : (1) ASC 820, Fair Value Measurements
    and Disclosures, (2) A list of the financial statement items for which fair value reporting
    is required or allowed. (3) A variety of valuation models, and (4) Fair value disclosure
    requirements.
    LanguageEnglish
    PublisherGlobal Professional Publishing Ltd
    Release dateMay 15, 2012
    ISBN9781908287243
    Unavailable
    Time Value of Money and Fair Value Accounting: Tools and Concepts
    Author

    Dr Jae K. Shim

    Dr. Jae K. Shim is a professor of accounting and finance at California State University, Long Beach and CEO of Delta Consulting Company, a financial consulting and training firm. Dr. Shim received his M.B.A. and Ph.D. degrees from the University of California at Berkeley (Haas School of Business). Dr. Shim has been a consultant to commercial and nonprofit organizations for over 30 years.

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