The Professional's Guide to Fair Value: The Future of Financial Reporting (Wiley Corporate F&A), 1st Edition, James P. Catty

An all-encompassing guide to the elements and basics of fair value

With the important role fair value is playing in the creation of a converged set of global accounting standards, demand for products in this category is growing spectacularly. The elements and basics of fair value are covered, including risk, dealing with the SEC, and details on legal responsibility. In addition, sample financial statements are included, along with tables, recommended applicable techniques, and management checklists for those who are responsible for preparing and approving of financial statements.

-Written by the Chairman and co-CEO of the International Association of Consultants, Valuators and Analysts (IACVA\
-Includes sample financial statements of both U.S. and foreign companies

Appropriate for anyone involved professionally with finance—managers, accountants, investors, bankers, instructors, and students—The Professional's Guide to Fair Value is a reliable reference on the ins and outs of fair value financial disclosure.

This book provides an excellent discussion of "fair value," which is an accounting concept. The author makes a very clear explanation of the distinction between fair value and other types of value, such as "fair market value." The text and examples are well-written and help in understanding the author's points.

Another thing I like about this book is that it is relatively new - copyright in 2012 - so it includes many recent accounting pronouncements and the latest thinking on certain topics brought about after the 2008-2009 financial crisis. In some parts, the author does go into quite a bit of detail, which is helpful for more novice students. For more experienced readers, the most value, in my opinion, come from the conceptual chapters (i.e., first five chapters of the book). Overall, this is a very good book that should be helpful to readers of all levels.

Product Details :

• Series: Wiley Corporate F&A (Book 567)
• Hardcover: 240 pages
• Publisher: Wiley; 1 edition (February 1, 2012)
• Language: English
• ISBN-10: 1118004388
• ISBN-13: 978-1118004388
• Product Dimensions: 1 x 6.3 x 9.2 inches

More Details about The Professional's Guide to Fair Value: The Future of Financial Reporting (Wiley Corporate F&A), 1st Edition

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