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October 16, 2011

AICPA issues paper on fair value for NPF entities

The American Institute of Certified Public Accountants (AICPA) has issued a white paper to provide fair value measurement guidance for Not-For-Profit entities.

Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities details the challenges of measuring fair value of financial assets and liabilities for which there is no market in NFPs.

Practitioners will learn how to better apply the provisions of Financial Accounting Standards Board Accounting Standards Codification 820, Fair Value Measurement, including considerations for determining an appropriate valuation technique based on facts and circumstances and different valuation approaches and techniques.

The paper will also provide insight on how to determine an appropriate discount rate when using present value techniques and need to know disclosure considerations. 

 

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