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Mark to market and fair value accounting : an examination /
Annotation
| Clasificación: | Libro Electrónico |
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| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Nova Science Publishers, Inc.,
©2009.
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| Colección: | Business economics in a rapidly-changing world series.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- MARK TO MARKET AND FAIRVALUE ACCOUNTING:AN EXAMINATION; CONTENTS; PREFACE; FAIR VALUE ACCOUNTING:CONTEXT AND CURRENT CONCERNS*; ABSTRACT; HISTORICAL COST ACCOUNTING VS. FAIR VALUEACCOUNTING; THE FINANCIAL ACCOUNTING STANDARDS BOARD; THE SARBANES-OXLEY ACT OF 2002,THE SEC, AND FASB; FAIR VALUE AND MARK- TO-MARKET ACCOUNTING, ANDSECURITIES THAT ARE DESIGNATED AS TRADEABLE, HELD-TOMATURITY, AND AVAILABLE FOR SALE; FINANCIAL ACCOUNTING STANDARD 157; BASIC DIVISIONS BETWEEN SUPPORTERSAND OPPONENTSOF FAIR VALUE ACCOUNTING; CONGRESSIONAL INTEREST; KEY ARGUMENTS AGAINST FAIR VALUE ACCOUNTING.
- KEY ARGUMENTS IN FAVOR OFFAIR VALUE ACCOUNTINGTHE SEC EXAMINES THE IMPACT OF FAIRVALUEACCOUNTING ON FINANCIAL SERVICEFIRMS' BALANCESHEETS, INCOME STATEMENTS, AND ON BANK FAILURES; SOME PROPOSED REFORMS; SOME RECENT DEVELOPMENTS; The FASB Clarification of October 2008; The Group of 30 Report; FASB's 2009 Fair Value Projects; REFERENCES; WRITTEN TESTIMONY OF TANYA S. BEDER[1], CHAIRMAN, SBCC GROUP INC. PREPAREDFOR THE U.S. HOUSE OF REPRESENTATIVES, COMMITTEE ON FINANCIAL SERVICES, SUBCOMMITTEE ON CAPITAL MARKETS, INSURANCE AND GOVERNMENT SPONSOREDENTERPRISES, MARCH 12, 2009.
- 1. ON SUSPENDING MARK-TO-MARKET ACCOUNTINGRecommendation; 2. ON "FAIR"" VALUE; Recommendation; 3. WE SHOULD NOT RELY ON SINGLE MEASURES; Recommendation; 4. ON PRO-CYCLICALITY; Recommendation; REFERENCES; STATEMENT OF THE COMMERCIALMORTGAGE SECURITIES ASSOCIATION, BEFORE THE UNITED STATES HOUSE OFREPRESENTATIVES COMMITTEE ONFINANCIAL SERVICES SUBCOMMITTEE ONCAPITAL MARKETS, INSURANCE, ANDGOVERNMENT SPONSORED ENTERPRISES, HEARING ON "MARK-TO-MARKETACCOUNTING: PRACTICES ANDIMPLICATIONS", MARCH 12, 2009; BACKGROUND; THE PROBLEM:MARKET DISRUPTIONS AND FVA; POSSIBLE SOLUTIONS.
- TESTIMONY OF CYNTHIA FORNELLI, EXECUTIVE DIRECTOR, CENTER FOR AUDITQUALITY, BEFORE THE UNITED STATESHOUSE OF REPRESENTATIVES COMMITTEE ONFINANCIAL SERVICES, SUBCOMMITTEE ONCAPITAL MARKETS, INSURANCE ANDGOVERNMENT SPONSORED ENTERPRISES, THURSDAY, MARCH 12, 2009,FULL TEXT OF TESTIMONYINTRODUCTION; THE VALUE OF FAIR VALUE; ADDRESSING CAPITAL ADEQUACY CONCERNS; PROPOSALS FOR IMPROVING FAIR VALUEAND ADDRESSING THE FINANCIAL CRISIS; THE IMPORTANCE OF INDEPENDENT STANDARD SETTING; THE IMPORTANCE OF INDEPENDENT STANDARD SETTING; REFERENCES.
- TESTIMONY OF ROBERT H. HERZ, CHAIRMAN, FINANCIAL ACCOUNTINGSTANDARDS BOARD, BEFORE THE U.S. HOUSEOF REPRESENTATIVES FINANCIAL SERVICESSUBCOMMITTEE, ON CAPITAL MARKETS, INSURANCE, AND GOVERNMENT SPONSOREDENTITIES, MARCH 12, 2009,FULL TEXT OF TESTIMONYINTRODUCTION; THE FASB; WHAT PROCESS DOES THE FASB FOLLOW INDEVELOPING ACCOUNTING STANDARDS?; THE ROLE OF ACCOUNTING STANDARD SETTERS ANDTHE ROLE OF PRUDENTIAL REGULATORS; WHAT IS FAIR VALUE MEASUREMENTAND ITS ROLE IN ACCOUNTING?; SOME OBSERVATIONS ON RECENT CALLS TO SUSPENDAPPLICATION OF FAIR VALUE ACCOUNTING.