Your Complete Guide to ASC 820: Fair Value Standards for Alternative Investments
Articles by: Richey May, Jul 09, 2020
How should hedge funds apply the art of fair value under ASC 820?
Measuring the fair value of a less liquid asset can be difficult at the best of times and can involve a lot of judgement and estimation. The high volatility across markets during the height of the pandemic made it even more challenging to measure fair value while complying with new accounting rules.
The experts at Richey May have created a comprehensive guide, Fair Value: Best Practices and Implementation, to help industry leaders understand the rules and provide best practice approaches for staying compliant.
The guide contains:
- key definitions
- framework for each key provision to help leaders understand and interpret the standard for various scenarios
- financial statement examples
- frequently asked questions
- and more
“Our team has assembled this guide after much discussion with our clients and other industry leaders regarding key topics that relate to Fair Value and ASC 820,” Steve Vlasak, Business Development Partner of the Alternative Investments practice. “This is certainly a critical area of focus for our clients and friends in the alternative investments industry as well as an area that the SEC focuses on very closely. We are excited to be releasing this whitepaper, and believe it will be a great resource to help improve the understanding of these standards.”
If you have any questions about the information contained in the guide or about the services Richey May provides to the alternative investments industry, contact Steve Vlasak.