The fair values
of the Swap Agreements as of December 31, 2016 were assets of $4 million and liabilities of $62 million, and are included in other long-term assets and other long-term liabilities, respectively in the Consolidated Balance Sheet.
New York, NY, September 26, 2015 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Sarah Reichling, CPA, Manager, CliftonLarsonAllen LLP will speak at the Knowledge Congress' webcast entitled: "Fair Value
Measurement and Business Valuation: What You Should Know in 2015 and Beyond Live Webcast." This event is scheduled for October 22, 2015 from 12:00pm - 2:00pm (ET).
201 1-04, fair Value
Measurement (Topic 820); Amendments to intendments to Achieve Common Fair value
Measurement and Disclosure Requirements in US.
In connection with the recent financial and subsequent economic crisis, many opinions appeared blaming fair value
measurements in financial statements to be one or even the main driver of the crisis.
During this time, FEI's Committees on Corporate Reporting (CCR), Private Company Standards (CPC-S) and Corporate Treasury (CCT) filed comment letters on loss contingencies, fair value
measurements and pension plans.
IAS41, "Agriculture", requires biological assets to be recognised at fair value
unless this cannot be worked out reliably.
The first deals with the growing use of fair value
measurements for assets and liabilities reported in financial statements, especially during the recent credit crisis and current economic environment.
Lately, under the pressure of investors and with help from the organizations involved in regulating accounting activities, we have witnessed a change of the traditional accounting model based on historical cost, which has turned into an accounting model based on the fair value
, which would in turn meet the requirements for maximizing share value" (Ionascu, 2003).
157, which maps out the hierarchy that provides direction on how fair values
Ironically, with this increased information comes increased variability in methodologies and assumptions used to estimate and calculate fair values
. Accordingly, to maintain consistency and comparability across different companies' financial statements and also to provide for more transparency, the FASB issued FASB Statement No.
may be used as an analytic tool in the lending process and are compared with historical cost values.
Common notions of market efficiency suggest share prices should reflect all publicly available value-relevant information (including any value-relevant information in fair values
of financial instruments), independent of whether market participants obtain the information from the financial statements, footnotes, of sources outside of the financial statements.