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The following figure includes the qualitative and quantitative fair value disclosure requirements relating to valuation techniques and inputs. The concepts of valuation techniques and significant inputs are addressed in FV 4.
Figure FSP 20-2 summarizes fair value disclosure requirements for valuation techniques and significant unobservable inputs
Figure FSP 20-2
Fair value disclosure requirements for valuation techniques and significant unobservable inputs
Disclosure requirement for each class of asset and liability
ASC reference
Related information
For recurring and nonrecurring Level 2 and Level 3 fair value measurements, a description of the valuation technique(s) and the significant unobservable inputs used in measurement
If the reporting entity has changed its valuation approach or valuation technique, the change and the reason for making it
(For further discussion, see FSP 20.3.2.1.)
820-10-50-2(bbb)(1)
This does not apply to instruments for which fair value is only disclosed.
For Level 3 fair value measurements, quantitative information about all significant unobservable inputs used in the fair value measurement (the “table of significant unobservable inputs”)
Upon adoption of ASU 2018-13, the range and weighted average of the inputs disclosed
820-10-50-2(bbb)(2)
This does not apply to Level 3 instruments measured at fair value under the fair value option or assets and liabilities for which fair value is only disclosed.
For further discussion, see FSP 20.3.2.2 through FSP 20.3.2.3.
For recurring Level 3 fair value measurements, a narrative description of the uncertainty of the fair value measurement at the reporting date from use of the significant unobservable inputs if a change in those inputs to a different amount might result in a significantly higher or lower fair value measurement
If there are interrelationships between those inputs and other significant unobservable inputs used in the fair value measurement, also provide a description of those interrelationships and how they might magnify or mitigate the effect of changes in unobservable inputs (i.e., the ones disclosed) on the fair value measurement.
For further discussion, see FSP 20.3.2.4.
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