With expansion of International Standards and over 40 United States accounting standards alone dealing with fair market value converging with International Accounting Standards, it has become more important than ever to have a relationship with a firm that not only understands fair market value reporting issues but one that provides independence of the highest quality. 

Specific needs of our clients include:

• Purchase price allocations
• Goodwill valuations and revaluations for possible impairment
• Intellectual property for public reporting
• SFAS 141 Business combination values
• SFAS 142 Intangibles
• Fair valuing of stock options  (SFAS 148)
• Fair Value of defined benefit pension plans - Year end or acquisition date measurement of plan assets and benefit obligations (SFAS 158)  
• Restricted stock values
• SFAS 123R  Value of share based payments
• Insolvent or fresh start accounting  (SOP 90-7)

This US standard promulgates primarily application guidance for the other fair value standards, it opens wide the door to fair value possibilities in financial reporting.  Contact your Parro International representative and find out what this new standard means to you and how we can support your transition.

While not instituting any new element FMV requirements, SFAS 157 is arguably one of the most far reaching standards.  Its application anytime other FASB standards require fair value measurements gives it far reaching consequences. From defining fair value for reporting (causing a special expertise not often found in general valuation experts) to establishing a required approach for measuring fair value, by prioritizing the inputs to fair value, the valuation hierarchy must be thoroughly known by your selected valuation firm.  With CPA experience on staff, we can provide the documentation to meet any of your FMV disclosure requirements.  

 US SFAS 141(R) will change the manner  of identifying and measuring intangible assets. The focus is moving from that of a buyer to that of a market participant. A buyer will recognize all assets that possess a value whether or not the buyer will retain or utilize the intangible assets it acquires. This change in perspective will require thorough analysis of all potential assets even those that previously were thought to be of no interest to targeted buyers. 

Intangible Asset Categories

The following are examples of intangible assets that meet the criteria for recognition as an asset apart from goodwill. The following illustrative list is not intended to be all-inclusive, thus, an acquired intangible asset might meet the recognition criteria of Statement 141 but not be included on that list. 

• Marketing-Related Intangible Assets
       (1)   Trademarks, Tradenames.
       (2)   Service marks, collective marks,        
              certification marks.
       (3)   Trade dress (unique color, shape, or 
              package design).
       (4)   Newspaper mastheads.
       (5)   Internet domain names.
       (6)   Noncompetition agreements.
  
  
• Customer-Related Intangible Assets
       (7)   Customer lists.
       (8)   Order or production backlog.
       (9)   Customer contracts and related  
              customer  relationships.
       (10)  Noncontractual customer relationships.
  
  
•  Artistic-Related Intangible Assets
       (11)  Plays, operas, ballets.
       (12)  Books, magazines, newspapers, other  
               literary  works.
       (13)  Musical works such as compositions,   
               song  lyrics, advertising jingles.
       (14)  Pictures, photographs.
       (15)  Video and audiovisual material, including
              motion pictures, music videos, 
              television programs.
  
  
•   Contract-Based Intangible Assets
       (16)   Licensing, royalty, standstill 
                agreements.
        (17)   Advertising, construction, management, 
                service or supply contracts.
        (18)   Lease agreements.
        (19)   Construction permits.
        (20)   Franchise agreements.
        (21)   Operating and broadcast rights.
        (22)   Use rights such as drilling, water, air, 
                mineral, timber cutting, and route 
                authorities.
        (23)   Servicing contracts such as mortgage 
                servicing contracts.
        (24)   Employment contracts.
       
  
•  Technology-Based Intangible Assets 
       (25)  Patented technology.
       (26)  Computer software and mask works.
       (27)  Unpatented technology.
       (28)  Databases, including title plants.
       (29)  Trade secrets, such as secret formulas, 
               processes, recipes.