This chapter defines fair value and describes a framework for measuring fair value, and details required disclosures. If a reporting entity measures an investment's fair value using the net asset value per share (or an equivalent) practical expedient, the Codification provides those reporting ...
ASC 820 defines fair value, describes a framework for measuring fair value, and details required disclosures. It provides: a unified definition of fair value; related guidance on measurement; and enhanced disclosure requirements to inform financial statement users about the fair value measurements ...
According to ASC Topic 820, the fair value of an asset should be based upon A. The price that the item is appraised at balance sheet date. B. The price that would be paid to replace the asset. C. The price that would be received to sell the asset. D. The price that would be pa...
ASC 820 provides: a unified definition of fair value, related guidance on measurement, and enhanced disclosure requirements to inform financial statement users about: the fair value measurements included in financial statements, the methods and assumptions used to estimate them, and the degree of obser...
ASC 820 defines how fair value should be determined for financial reporting purposes. It establishes a fair value framework applicable to all fair value measurements under US GAAP (except those measurements specifically exempted; see further discussion in FV 2). Under ASC 820, fair ...
ASC Topic 820 requires that the fair value of an asset be based upon the price that would be received to sell the asset, which is an exit price.D is incorrect. ASC Topic 820 requires that the fair value of an asset be based upon the price that would be received to sell the asset,...
了解一下FASB ASC 《FASB会计准则汇编》（Financial Accounting Standards Board Accounting Standards Codification）按专题（Topic）分类如下所示：ASC Topic 105 Generally Accepted Accounting Principles ASC专题105“一般公认会计原则”ASC Topic 205 Presentation of Financial Statements ASC专题205“财务报表列报”ASC ...
ASC 820 • Provides a new definition of fair value • Creates a framework for developing fair value estimates (or opinions) • Requires additional disclosures for fair value estimates (or opinions) − 17 − Note the distinction between estimates and opinion: ASC 820 • Preparer of fina...
In some instances when the property is to revert to the lessor, there may be a guaranteed residual value. This is an amount that the lessee guarantees to the lessor. If the fair value of theasset at the end of the lease term is greater than or equal to the guaranteed residual amount,...
ASC Topic 820 Fair Value Measurement ASC专题820“公允价值计量” ASC Topic 825 Financial Instruments ASC专题825“金融工具” ASC Topic 830 Foreign Currency Matters ASC专题830“外币事宜” ASC Topic 832 Government Assistance ASC专题832“政府援助” ...