1.) Summarize the need for fair value measurements in financial reporting.

2.) List and briefly describe the applicable accounting standards for fair value measurements.

3.) Discuss how a valuation analyst would apply the fair value measurements in business combinations.

4.) What is impairment testing and how is it performed by a valuation analyst?

5.) Briefly discuss the new "Mandatory Performance Framework"."

6.) How does a valuation analyst identify intangible assets with regard to financial reporting.

Answer rating: 100% (QA)

1 The need for fair value measurements in financial reporting arises from the objective of providing users of financial statements with relevant and reliable information about the value of assets liab... View the full answer