BUAC 758B

Valuation for Accounting
Credits
2

This course has been designed to provide an introduction to valuation for financial reporting (“fair value”), fair value reporting, and auditing fair value measurements. The number and complexity of financial reporting standards that require or allow assets and liabilities to be reported at fair value has increased substantially in recent years. The technical accounting standards that include fair value are complex in and of themselves, and the valuation measurements add substantially to the complexity. The shift in capital markets from public to private equity combined with the trend in financial reporting from cost based to fair value based makes it imperative that accountants and auditors increase their fair value measurement and reporting skills and knowledge. The course will cover current trends in fair value, the fair value reporting process and technical accounting standards, business combinations, impairment testing, alternative investments, and auditing fair value measurements. This course is intended to provide the foundation for developing these skills, and provide students a competitive advantage in the market place.