Welcome to the new world of accounting! While financial statement preparation once focused on historical cost information, accounting now involves a judgment as to the fair value of assets and liabilities. Fair Value Measurements: Practical Guidance and Implementation demystifies this topic, offering a nuts-and-bolts guide dedicated to equipping corporate management, valuation specialists, and auditors of the most recent developments in preparing financial statements using fair value measurements. This straightforward book covers the best practices on measuring fair value in a business combination and how to subsequently test the value of these assets for impairment.Author and valuation specialist Mark Zyla clearly shows his experience in this subject, filtering complicated insider concepts into easy-to-understand information on the valuation specialist's function, the many new FASB pronouncements involving fair value, and the accounting and auditing requirements for fair value reporting. Fair Value Measurements: Practical Guidance and Implementation instantly familiarizes the reader on the ins and outs of fair value financial disclosure, with coverage of:The history behind fair value accounting and the impact of the current economic crisisFair value measurements in business combinations and subsequent testing for impairmentThe nature of intangible assetsThe cost approachThe market approachThe income approachAdvanced valuation methods for measuring the fair value of intangible assetsMeasuring the remaining useful life of intangible assets in financial reportingFair value measurements under IFRSsDisclosures in fair value measurementsFair value in private equity and other alternative investments?Auditing fair value measurementsWell written and conversational in tone and filled with valuable insights, Fair Value Measurements: Practical Guidance and Implementation lifts the veil of confusion from the substantial and growing requirements for fair value disclosures.