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Fair Value Accounting Rules

"A Look at Each Side of the Ongoing Debate on Whether Fair Value Accounting Rules should have been Modified?"

- Arguments in favor & against of the changes

- What is your opinion? Do you believe the FABS should have made the changes on 4/2/09 resulting in a probable decrease in asset write-downs?

- What do you believe some of the key issues will be now that the announcement has occurred?


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Traditionally Balance Sheet was prepared at cost based on the historical cost concept. However, with the introduction of FAS 157 fair value method of reporting financial statements became ...