49 ASC 820 FAIR VALUE MEASUREMENTS
PERSPECTIVE AND ISSUES
ASC 820 contains one subtopic:
- ASC 820-10, Overall, which defines fair value, describes a framework for measuring fair value and details required disclosures.
Scope and Scope Exceptions
ASC 820 does not require fair value measurement in addition to those required by other Topics in the Codification.
Scope. In pursuing an incremental approach, ASC 820 contained scope exceptions for certain, highly-complex specialized applications. It does not apply to:
- Share-based payments transactions, except for transaction covered in ASC 718-40 which are within the scope of ASC 820
- Measurement that are similar to fair value but that are not intended to measure fair value, including:
- Measurements models that are based on vendor-specific objective evidence of fair value, such as multiple-deliverable arrangements ...