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Bloomberg.com: Mark-to-Market Lobby Buoys Bank Profits 20% as FASB May Say Yes
The concept of fair value accounting continues to be a controversial topic. The following link leads to a Bloomberg article that provides an interesting explanation of FASB's March 2009 proposal to liberalize fair value accounting requirements by allowing institutions in certain circumstances to introduce "significant judgment" in valuing assets rather than relying exclusively on market prices.
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The concept of fair value accounting continues to be a controversial topic. The following link leads to a Bloomberg article that provides an interesting explanation of FASB's March 2009 proposal to liberalize fair value accounting requirements by allowing institutions in certain circumstances to introduce "significant judgment" in valuing assets rather than relying exclusively on market prices.
Click for full story
