FASB 157 offers guidance on value measurements

01/5/2009 | Journal of Accountancy print issue

"Highest and best use" is one of the concepts included in guidance offered by FASB 157 on fair-value measurements of real estate assets. This Journal of Accountancy article looks at some of the changes expected in these measurements, some likely challenges, and what auditors and accountants need to consider when reflecting on suggestions made by a valuation specialist.

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