Incorporating Highest and Best Use Into Accounting Standards Expands Opportunities for Appraisers‪.‬

ABSTRACT Never before have politicians and accounting rule makers focused so much attention on the concept of fair value. This fast-moving and evolving area of financial reporting establishes a need to value real property as well as the more-often discussed security investment portfolios. Appraisers familiar with the current and developing valuation standards of the accounting profession, and the differences with current appraisal rules, are positioned to provide much-needed real property valuation services. This article explores and explains these developments and describes how real estate appraisers may benefit from them.