Topic 820 Application

Prior to FAS 157, currently known as Topic 820, there were several different definitions of fair value and limited guidance for applying those definitions in the Generally Accepted Accounting Principles (GAAP). In addition, that guidance was scattered among many different accounting pronouncements that required fair value measurements, which made it difficult to have consistent reporting in financial statements. FASB decided to issue Topic 820 in an effort to increase consistency and comparability in fair value measurements and for expanded disclosures about fair value measurements.

DerivActiv can help your organization meet Topic 820 (previously FAS 157) compliance. We work with your auditing staff to classify your assets and liabilities (Level 1, Level 2 or Level 3) and apply the appropriate methodology to adjust the market value for non-performance risk.

To speak to a Topic 820 expert, call at 1-866-200-9012.

Topic 820 Clients

DerivActiv has the expertise and proven experience to help many entities comply with Topic 820 accounting standards.

Public Entities & Organizations

• Topic 820 for Cities
• Topic 820 for Counties
• Topic 820 for State Agencies
• Topic 820 for States
• Topic 820 for Higher Education Institutions
• Topic 820 for School Districts
• Topic 820 for Transportation/Transit Authorities
• Topic 820 for Port Authorities
• Topic 820 for Water/Water & Sewer Districts

Public Entities & Organizations

• Topic 820 for 501(c)(3)s
• Topic 820 for Health Care Organizations
• Topic 820 for Higher Education Institutions
• Topic 820 for Corporations
• Topic 820 for Religious Organizations
• Topic 820 for K-12 Schools
• Topic 820 for Hedge Funds
• Topic 820 for Banks
• Topic 820 for Financial Advisors
• Topic 820 for Swap Advisors

If you are interested in learning more about Topic 820 (formerly FAS 157), you can download a Topic 820 white paper here.