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    Fair Value Accounting Rules

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    "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 ...