"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?
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 ...