Mark to market and fair value accounting : an examination

著者

• James, Curtis W.

書誌事項

Mark to market and fair value accounting : an examination

James W. Curtis, editor

（Business economics in a rapidly-changing world series）

Nova Science, c2009

注記

Includes bibliographical references and index

内容説明・目次

内容説明

This book focuses on Fair Value Accounting which is a market-based accounting system for determining the value of assets and liabilities. Since the mid-1970's, the Financial Accounting Standards Board (FASB), the accounting standard setter that derives its informal authority from the Securities an Exchange Commission (SEC), has gradually been moving the nation from an accounting system based entirely on historic cost-based measurements of assets and liabilities to one based in part on fair value. Its basic reasoning is that fair value accounting provides market-based information that is more meaningful to investors. In 2006, FASB released Financial Accounting Standards No. 157, which refined previous fair value directives to further define the concept and clarified how to value instruments. FAS 157 went into effect in late 2007, a period that coincided with the growing severity of the current sub-prime-based financial turmoil. The worsening crisis helped fuel opposition to FAS 157. Opponents, including insurance firms and banks, argued that FAS 157 and fair value accounting protocol exacerbated the effects of the financial crisis by forcing holders to severely write down distressed or illiquid assets, which were often mortgage-backed securities, to levels far below their "true economic values". This book consists of public domain documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.

目次

• Preface
• Fair Value Accounting: Context & Current Concerns
• Hearing on Mark-to-Market Accounting - Beder Testimony
• Hearing on Mark-to-Market Accounting - Cotton Testimony
• Hearing on Mark-to-Market Accounting - Fornelli Testimony
• Hearing on Mark-to-Market Accounting - Herz Full Testimony
• Hearing on Mark-to-Market Accounting - Herz Testimony
• Hearing on Mark-to-Market Accounting - Herz Testimony A1
• Hearing on Mark-to-Market Accounting - Herz Testimony A2
• Hearing on Mark-to-Market Accounting - Herz Testimony A3
• Hearing on Mark-to-Market Accounting - Herz Testimony A4
• Hearing on Mark-to-Market Accounting - Herz Testimony A5
• Hearing on Mark-to-Market Accounting - Herz Testimony A6
• Hearing on Mark-to-Market Accounting - Herz Testimony A7
• Hearing on Mark-to-Market Accounting - Isaac Testimony
• Hearing on Mark-to-Market Accounting - Kanjorski Statement
• Hearing on Mark-to-Market Accounting - Kevin Bailey Testimony
• Hearing on Mark-to-Market Accounting - Kroeker Testimony
• Hearing on Mark-to-Market Accounting - Mahoney Testimony
• Hearing on Mark-to-Market Accounting - Mahoney Testimony:
• Fair Value Accounting: Understanding The Issues Raised By The Credit Crunch
• Hearing on Mark-to-Market Accounting - McTeer Testimony
• Hearing on Mark-to-Market Accounting - Thomas Bailey Testimony
• Index.

「Nielsen BookData」 より

詳細情報

• NII書誌ID(NCID): BA91246459
• ISBN:
  • 9781607419969
• 出版国コード: us
• タイトル言語コード: eng
• 本文言語コード: eng
• 出版地: New York
• ページ数/冊数: viii, 249 p.
• 大きさ: 24 cm
• 件名:
  • LCSH : Corporations -- Accounting -- Standards -- United States
  • LCSH : Fair value -- Accounting -- Standards -- United States
  • LCSH : Financial Accounting Standards Board
  • LCSH : Global Financial Crisis, 2008-2009
• 親書誌ID:
  • BA91246448