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Distance Learning
Distance Learning

OD: Fair Value and Alternative Investments

Recorded March 18, 2009


FASB Statement No. 157, Fair Value Measurements, defines fair value and expands disclosures about fair value measurements. There are many challenges when applying the statements provisions to alternative investments. Higher education institutions are faced with defining their marketplace, defending net asset value, searching for relevant documentation, and anticipating auditor expectations.

This program will review relevant authoritative literature and the status of FASB’s most recent project. Participants will gain an understanding of how FASB is addressing active and inactive market circumstances, distressed transactions, and applying fair value to interests in alternative investments. 

What You Will Learn:

  • An understanding of FASB activities currently in process
  • How Net Asset Value of investments relates to Fair Market Value
  • An awareness of current AICPA activities
  • The meaning of the hypothetical market for institutions with alternative investments in their endowment portfolio

Who Should Participate?

  • Controllers
  • AVPs of Finance and Administration
  • Business Officers at public institutions’ foundations

Meet the Presenters:

  • John Mattie, Partner, PwC
  • Karen Craig, Stanford University and NACUBO APC
  • Dale Larson, University of Dallas and NACUBO APC

Course Information:

  • Course Level: Advanced
  • Field of Study: Accounting
  • Length: 120 minutes
  • Prerequisites: none


Member: $0.00
Non-Member: $49.00