FAS 157 Definition of Fair Value

The Financial Accounting Standards Board Statement 157 Definition of Fair Value is described as "the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date." Essentially, FAS 157 further defines disclosure requirements as it relates to how the Fair Value estimates were produced.

FAS 157 compliance generally requires that all derivative valuations be adjusted to take into account non-performance risk and is a relatively new accounting pronouncement. DerivActiv provides non-performance adjusted values for many types of public and private entities.

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FAS 157 Clients

FAS 157 Services for Public and Private Entities

  • FAS 157 Services for Corporations
  • FAS 157 Services for Banks
  • FAS 157 Services for Hedge Funds
  • FAS 157 Services for Counties
  • FAS 157 Services for Cities
  • FAS 157 Services for State Agencies
  • FAS 157 Services for Higher Education Institutions
  • FAS 157 Services for K-12 Schools
  • FAS 157 Services for Higher Education Institutions
  • FAS 157 Services for 501(c)(3)s
  • FAS 157 Services for Religious Organizations
  • FAS 157 Services for Swap Advisors
  • FAS 157 Services for Health Care Organizations
  • FAS 157 Services for Counties
  • FAS 157 Services for Cities
  • FAS 157 Services for State Agencies
  • FAS 157 Services for Financial Advisors
  • FAS 157 Services for Higher Education Institutions
  • FAS 157 Services for Transportation/Transit Authorities
  • FAS 157 Services for Port Authorities
  • FAS 157 Services for School Districts
  • FAS 157 Services for Water/Water & Sewer Districts
  • FAS 157 Services for States



FAS 157 Accounting
FAS 157 Application
FAS 157 Definition of Fair Value
FAS 157 Derivatives
FAS 157 Disclosure
FAS 157 Disclosure Examples
FAS 157 Effective Date
FAS 157 Guidance
FAS 157 Implementation
FAS 157 Level 1
FAS 157 Mark to Market Accounting
FAS 157 Private Equity