Fair Value Measurements Manager™

Fair Value Measurements Manager is an up-to-date and integrated collection of all of the fair value measurement and disclosure support materials you need to implement this important standard with confidence. It provides FASB and regulatory fair value measurement and disclosure requirements in original form, detailed analysis when necessary and best practices of top tax professionals.

Everything you need to implement fair value. Contact us today — we’ll get you there.

Formats available / Update frequency

• IntelliConnect: Updated as needed. Includes access to CCH@Hand™.

Fair Value Measurements Manager gives you the answers you need in an organized and efficient way. A question and answer section covers recent legislative developments where you can learn how FASB, the SEC and Congress impact fair value measurement and disclosure requirements.

In addition, approximately 175 questions and answers in SmartChart™ and interactive research aid formats link directly to specific sections of source documents, related best practices and practice aids, giving you direct access to important information.

Question and answer topics include:

• Audit issues
• Definition and measurement of fair value
• Determining fair value in inactive markets
• Disclosure requirements
• Exit and entry price
• Fair value explanation
• Fair value hierarchy
• Fair value in an economic downturn
• Observable and unobservable inputs
• Overview and scope
• Principal and most advantageous market
• Recurring and non-recurring valuation
• Response to global financial crisis
• Valuation methods

Fair Value Measurements Manager also includes the following tools:

• Accounting Manager Advisor, a monthly newsletter
• Sample SEC filings
• Smart Chart™ functionality
• Tax Tracker News™ — Customized daily e-mail updates relating to federal and state tax news

Practice Aids include:

• FAS 157 Disclosure: Distribution of Assets and Liabilities in Fair Value Hierarchy
• FAS 157 Disclosure: Recurring Level Three Measurements
• FAS 157 Disclosure: Distribution of Assets and Liabilities on a Nonrecurring Basis
• FAS 157: Sample Memo to Audit Committee
• FAS 157: Sample Memo to Board of Directors
• FAS 157: Audit and Compliance Checklist

Best Practices include:

• SEC — Report and Recommendations Pursuant to Section 133 of the Emergency Economic Stabilization Act of 2008: Study on Mark-To-Market Accounting (December 30, 2008)
• Professor H. David Sherman: FAS 157 Fair Value Accounting and the Financial Market Crisis (October 2008)
• FASB Staff Position No. FAS 157-1
• FASB Staff Position No. FAS 157-2
• FASB Staff Position No. FAS 157-3
• FASB Staff Position No. FAS 157-4
• FASB Staff Position No. FAS 107-1 and APB 28-1
• FASB Staff Position No.115-2 and FAS 124-2
• SEC/FASB Clarifications on Fair Value Accounting (September 30, 2008)
• SEC Sample Letter to Public Companies on MD&A Disclosures (September 2008)
• PCAOB Staff Audit Practice Alert
• PCAOB Ponders How to Audit Fair Value
• AICPA: Auditor’s Approach to Fair Value
• AICPA: Fair Value in Illiquid (or Less Liquid) Markets
• AICPA: The Role of Fair Value Accounting in the Subprime Mortgage Meltdown (May 2008)
• AICPA: Securitized Profits (May 2008)

Everything you need to implement fair value. Contact us today — we’ll get you there.

Formats available / Update frequency

• IntelliConnect: Updated as needed. Includes access to CCH@Hand™.

Fair Value Measurements Manager via IntelliConnect® speeds research.

Finding the information you need in Fair Value Measurements Manager on IntelliConnect® is quick and easy. You can search by keywords, phrases or synonyms and save your searches from session to session. When you log in again, any changes since your last visit are highlighted for your convenience. In addition, presentations can be downloaded to Microsoft® Word or Microsoft® Excel® and include live research links so information can be easily verified.

Everything you need to implement fair value. Contact us today — we’ll get you there.

Formats available / Update frequency

• IntelliConnect: Updated as needed. Includes access to CCH@Hand™.

CCH Support is the best in the business — we’re always here when you need us. To keep your office up and running, we offer helpful tools, as well as a variety of ways to interact with CCH Support.

CCH Knowledge Base — In this online database of CCH software information, you’ll find step-by-step instructions, information on critical known issues and product documentation.

• Web ticket — Learn how to open a Web ticket online to submit your question directly to customer support.
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