The tax implications of a U.S. company’s investment outside the country.
Learning Objectives
- Learning Outcomes
- Recognize the changing economic and regulatory environment and its impact on financial accounting standards.
- Recognize the framework for measuring fair value as required by FASB ASC 820, *Fair Value Measurement*.
- Identify areas in fair value measurement that may be subjective.
- Recognize the relationship between FASB ASC 805, *Business Combinations*, and the subsequent testing for impairment of assets under FASB ASC 350, *Intangibles-Goodwill and Other*, and FASB ASC 360, *Property, Plant, and Equipment.*
- Recall the purpose and primary goal of the Performance Framework for valuation specialists.
- Recognize how individual intangible assets create value.
- Identify techniques under the cost, market and income approaches in measuring fair value.
- Recall factors to consider when evaluating the useful life of an intangible asset.
- Recall the principles highlighted in the auditing standards as they relate to fair value measurement.
