How would you recommend investment securities be reported (fair value controversy)?
The concepts of fair value accounting are not new. They have been addressed over the past 50 years with a great amount of discussion and disagreement as to procedures and valuations.
In the past 5 years, there has been a significant change in attitude probably due to two main reasons:
1. The convergence with IFRS standards is becoming more and more critical with the ...
In about 230 words, this solution discusses how investment securities should be reported. A reference is included.