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FASB's Valuation Resource Group meeting

  • Heads Up Image

08 Nov 2010

The US Financial Accounting Standards Board has established a Valuation Resource Group (VRG) to provide the FASB staff with information about implementation issues regarding fair value measurements used in financial reporting.

The VRG met on 1 November 2010 and discussed the four issues listed below. Deloitte (United States) has published the 8 November 2010 edition of the Heads Up Newsletter (PDF 126k) explaining the four issues:
  • VRG Issue No. 2010-05: Fair Value Measurement of Contingent Consideration in a Business Combination
  • VRG Issue No. 2010-06: Application of the Multiperiod Excess Earnings Method and the Greenfield Method to Intangible Assets
  • VRG Issue No. 2010-07: Proposed Accounting Standards Update, How the Carrying Amount of a Reporting Unit Should Be Calculated When Performing Step 1 of the Goodwill Impairment Test
  • VRG Issue No. 2010-08: Measurement Uncertainty Analysis Disclosure and Possible Alternatives


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