ASC 820 Fair Value Measurement

This Topic applies to U.S. GAAP that require or permit fair value measurements or disclosures and provides a single framework for measuring fair value and requires disclosures about fair value measurement.

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10 Overall 940 Financial Services—Brokers and Dealers

Roadmap: Fair Value Measurements and Disclosures (Including the Fair Value Option)

ASC 820 (1) defines fair value, (2) sets out in a single Topic a framework for measuring fair value, and (3) requires disclosures about fair value measurements.

ASC 820 also explains how to measure fair value for financial reporting. It does not require fair value measurements in addition to those already required or permitted by other Topics and is not intended to establish valuation standards or affect valuation practices outside of financial reporting.