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From Lorman Education Services
Valuation and Reporting of Gifts and Service Donations
... of the assets or services received or promised. FAS 157, Fair Value Measurements, introduces new concepts of determining fair value of donations to not-for-profit organizations. Understanding and applying fair value concepts to certain assets where there is no observable market as in pledges and noncash assets is likely to present challenges as well as implementation issues. After attending
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Valuation and Reporting of Gifts and Service Donations
Business Combinations and Goodwill: What Is the Latest With Fair Value?
...Accounting Standards Board recently issued a Statement on Fair Value Measurements (SFAS 157) which clarifies the concept of fair value in financial reporting. Along with the FASB's proposed revision of its Statement on Business Combinations (SFAS 141R), fair value measurements may change the way acquiring companies report the acquisition on its financial statements. These changes could
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