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Fair Value Measurements of Financial Instruments: Valuation and Risks
Valuation Services
CPE Self-study

Fair Value Measurements of Financial Instruments: Valuation and Risks

An overview of FASB ASC 820 fair value measurements with a focus on valuation complexities and risks.

$145 - $190
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NASBA Field of Study




CPE Credits



Susan O. DuRoss


1 year

Product Number


 Business & partner 
Product Details

An overview of the fundamentals of valuation.

This course focuses on valuation complexities and risks, covering the fundamentals of valuation across all asset classes, including market mechanics, best use practices, the use of the highest-level inputs in accordance with the FASB ASC 820 fair value hierarchy, valuation methodologies and models, usable data sources, variance handling, and FASB ASC 820 fair value leveling. Additionally, this course takes a look at the key traits and valuation drivers of each of the major asset classes, including debt securities, equity securities, derivatives, and funds and indices.

Key Topics
  • Valuation fundamentals
  • Debt securities
  • Equity securities
  • Derivatives
  • Funds and indices
Learning Outcomes
  • Identify general market mechanics, various asset classes, and features that may require more complex handling.
  • Differentiate equity and debt securities from other financial instruments.
  • Choose and document appropriate valuation models and common inputs.
  • Identify security features that require more complex handling and associated valuation risks.
  • Identify the key valuation drivers for equity securities.
  • Distinguish derivatives from other financial instruments.
  • Compare various trading and clearing mechanisms for derivative products.
Credit Info
CPE Credits
NASBA Field of Study
Accounting, Auditing
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
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Contact us
Susan O. DuRoss
"Susan DuRoss joined the financial reporting community after a decade of trading mortgage and asset-backed securities. She is exceptionally familiar with the structures and behaviors that led to the 2007 financial crisis and uniquely qualified to assist both audit and issuer clients with accurate and transparent fair value estimates for financial investments. As head of Harvest Investments' valuation team, Susan ensures that all Harvest prices and levels are derived in accordance with FASB ASC 820, using the highest levels and most transparent inputs available in the marketplace. She is also responsible for the development and maintenance of Harvest's pricing methodologies and report deliverables. Working in close cooperation with clients, she ensures that their individual needs are met as she helps them navigate the complexities of financial markets and reporting requirements. Susan serves on the PCAOB Pricing Sources Task Force and the AICPA Financial Instruments Task Force. She frequently presents at AICPA and other audit conferences and has also appeared as a panelist for the PCAOB Standard Advisory Group. Susan closely monitors guidance from FASB, GASB, AICPA, and the PCAOB, providing advice and instruction for audit and issuer clients."

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Fair Value Measurements of Financial Instruments: Valuation and Risks
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