This product is a recording of the Appraisal Institute webinar that was conducted on July 8, 2015.
Once the Appraisal Institute confirms your payment, you will receive an e-mail containing a link to the webinar recording.
Please note: The interactive features of the webinar (e.g. poll/survey questions and the final evaluation) are NOT available in the recording. Appraisal Institute continuing education credit is NOT available for viewing the recording.
GASB Final Statement on Fair Value Measurement and Application
Date: July 8, 2015
Duration: 2 hours
The Government Accounting Standards Board (GASB) was founded in 1984 to serve as the accounting standards setting body for the 87,000 state and local government entities in the country. The purpose is to provide transparency in government finances and useful financial statement information for decision making.
Recent changes in GASB standards occurred with the release of Statement No. 72, Fair Value Measurement and Application, in February 2015. The objective of the Statement is to provide guidance for fair value measurements and increase comparability of assets between governments.
You will learn:
Description of key ideas (fair value, market participants, market prices, and others)
How to value assets when there is no market data
Application of valuation approaches
Fair value hierarchy
Opportunities in performing valuation work for public agencies operating under GASB
Robert E. Dietrich, MAI, CRE, CCIM MRICS
Justin Glasser, ASA, MAI, MRICS
Deborah Beams, GASB Practice Fellow
Marius Andreasen, CFA, MAI
Adriane Bookwalter, CPA
*A free download of Deborah Beams' presentation is available via the following link.
GASB Statement 72 Recording and Handouts
The views and materials presented in this webinar represent only the opinions and views of the presenters and/or speakers. Although the materials may have been reviewed by members of the Appraisal Institute, the views and opinions expressed herein are not endorsed or approved by the Appraisal Institute as policy unless adopted by the Board of Directors pursuant to the Bylaws of the Appraisal Institute. While substantial care has been taken to provide accurate and current data and information, the Appraisal Institute does not warrant the accuracy or timeliness of the data and information contained herein. Further, any principles and conclusions presented in this webinar are subject to court decisions and to local, state, and federal laws and regulations and any revisions of such laws and regulations.
This webinar is presented for educational and informational purposes only with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting, or other professional advice or services. Nothing in these materials is to be construed as the offering of such advice or services. If expert advice or services are required, readers are responsible for obtaining such advice or services from appropriate professionals.