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This document provides details about the Fair Value Measurement and Reporting Conference held on June 6-7, 2011, including topics, speakers, schedule, venue, and registration information.
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Fair value measurement is the process of determining the value of an asset or liability based on the price that would be received to sell an asset or the price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Companies and organizations that are required to follow accounting standards, such as International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP), may be required to file fair value measurement reports.
To fill out a fair value measurement report, one needs to identify the assets or liabilities to be measured, gather relevant market data, determine the appropriate valuation techniques, and apply those techniques to calculate the fair value. The specific process may vary depending on the accounting standards being followed.
The purpose of fair value measurement is to provide users of financial statements with transparent and reliable information about the value of the assets and liabilities of an entity. It helps in making informed decisions and assessing the financial health of the entity.
The information reported on fair value measurement typically includes the description of the assets or liabilities being measured, the valuation techniques used, the significant inputs used in the measurement, any assumptions made, and any changes in fair value over time.
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