Abstract
This paper lays out principles under which fair value accounting is appropriate. Accordingly, the pros and cons of fair valuing bank loans, core deposits, inventories, investments in subsidiaries, insurance contracts, performance obligations, and debt, to name a few balance sheet items, are resolved, leading to formal financial statement templates for the application of fair value accounting in specific industries.
Full Citation
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“Principles for the Application of Fair Value Accounting.”
Center for Excellence in Accounting & Security Analysis
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July 01, 2008.