This webinar examines the changes that ASU 2011-04 makes to the current fair value measurement standards with practical advice and example disclosures.
Accounting Standards Update No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs, (ASU 2011-04) is effective prospectively for public and nonpublic entities for annual reporting periods beginning after December 15, 2011.
At the conclusion of this training, participants will:
- Recognize situations when ASU 2011-04 applies
- Identify where changes need to be made in their current measurement procedures due to the measurement clarifications in ASU 2011-04
- Understand disclosure changes as a result of ASU 2011-04, including considerations for making quantitative disclosures for Level 3 investments and where to obtain assistance
Presenters: | Theresa Banka, a partner on Plante Moran’s professional standards team specializing in investments, and Peggy Bradley, senior vice president at Northern Trust specializing in client operational and reporting solutions. Plante Moran Partner Kirsten Lescher will moderate.