Wait not for another crisis: Weighing in on the fair value accounting debate

The use of fair value accounting – simply defined as the booking of numbers based on current market value – has been named as a catalyst in worsening the recent financial crisis. Emerging from the rubble, accounting regulators, like the IASB and FASB, together with industry players, are now trying t...

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Main Author: Knowledge@SMU
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Language:English
Published: Institutional Knowledge at Singapore Management University 2010
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Online Access:https://ink.library.smu.edu.sg/ksmu/83
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1082&context=ksmu
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spelling sg-smu-ink.ksmu-10822018-07-04T09:31:17Z Wait not for another crisis: Weighing in on the fair value accounting debate Knowledge@SMU The use of fair value accounting – simply defined as the booking of numbers based on current market value – has been named as a catalyst in worsening the recent financial crisis. Emerging from the rubble, accounting regulators, like the IASB and FASB, together with industry players, are now trying to work out rules and standards. However, the question of to “fair” or not to “fair” is the subject of a hot debate. Columbia University’s Stephen Penman weighs in at a recent SMU lecture. 2010-10-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/ksmu/83 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1082&context=ksmu http://creativecommons.org/licenses/by-nc-nd/4.0/ Knowledge@SMU eng Institutional Knowledge at Singapore Management University Accounting Business Finance and Financial Management
institution Singapore Management University
building SMU Libraries
country Singapore
collection InK@SMU
language English
topic Accounting
Business
Finance and Financial Management
spellingShingle Accounting
Business
Finance and Financial Management
Knowledge@SMU
Wait not for another crisis: Weighing in on the fair value accounting debate
description The use of fair value accounting – simply defined as the booking of numbers based on current market value – has been named as a catalyst in worsening the recent financial crisis. Emerging from the rubble, accounting regulators, like the IASB and FASB, together with industry players, are now trying to work out rules and standards. However, the question of to “fair” or not to “fair” is the subject of a hot debate. Columbia University’s Stephen Penman weighs in at a recent SMU lecture.
format text
author Knowledge@SMU
author_facet Knowledge@SMU
author_sort Knowledge@SMU
title Wait not for another crisis: Weighing in on the fair value accounting debate
title_short Wait not for another crisis: Weighing in on the fair value accounting debate
title_full Wait not for another crisis: Weighing in on the fair value accounting debate
title_fullStr Wait not for another crisis: Weighing in on the fair value accounting debate
title_full_unstemmed Wait not for another crisis: Weighing in on the fair value accounting debate
title_sort wait not for another crisis: weighing in on the fair value accounting debate
publisher Institutional Knowledge at Singapore Management University
publishDate 2010
url https://ink.library.smu.edu.sg/ksmu/83
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1082&context=ksmu
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