2. Overview. Fair value measurementDefinition and attributes of fair value, for financial reportingSFAS 157, Fair Value Measurements, issued September 2006, provides guidance for making fair value measurements in financial reportingHow are fair values arrived at? InputsValuation approachesFair values in conceptFair values in practice (implementation)Observations on making fair value estimates, and other financial reporting estimates, including what can go wrong.
Fair Value Measurement in Financial Reporting Concepts and Implementation