Fair Value – Evaluating Inputs and the Fair Value Hierarchy Under ASC 820 (Text Based Course)
This course explores the inputs used in fair value measurements and how ASC Topic 820 establishes a hierarchy based on the observability of those inputs. It begins by distinguishing between observable and unobservable inputs and explaining how the quality and availability of inputs affect the reliability of fair value estimates. The course covers Level 1, Level 2, and Level 3 inputs, the use of market based information, management assumptions, and the challenges associated with measurements that require significant judgment. It also discusses how entities evaluate available inputs and determine the appropriate information to use when measuring fair value under ASC 820.