Free Demo Courses

CPAR GOV/NFP - Vol. 2015 - No. 2 - 01 - GASB No. 72: Fair Value Measurement and Application (demo)

Course Overview
The Government Accounting Standards Board, GASB, recently issued its final guidance on accounting and financial reporting issues related to fair value measurements which primarily applies to investments made by state and local governments. Marks Paneth partner Warren Ruppel explains the new standard which defines fair value and describes how fair values should be measured, what assets and liabilities should be measured at fair value, and what information about fair value should be disclosed in the notes to the financial statements.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the key elements of GASB No. 72 Fair Value Measurement and Application;
  • Recognize the fair value disclosures required by GASB No. 72 Fair Value Measurement and Application;
  • Identify the components that make up the definition of fair value;
  • Recognize what is involved in determining the fair value of interest rate swap agreements.

Content Partner:

CPAR Government/Not-For-Profit

Prerequisites/Advanced Preparation:

Work experience in government accounting or auditing, or an introductory course in government accounting

Speaker / Author:

CPAR Government/Not-For-Profit
SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS


Course Code : CPAR1159-FM-d

Course Level : Update

Passing Grade : 70%
Format Type : eLearning
Mobile Compatible

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