Historical Cost and Fair Value Challenges Accounting Assignment

Instructions 

 

Historical Cost and Fair Value Challenges Accounting Assignment

Note: Don’t exceed 3 pages.

 

1. Challenges of Fair Value accounting
2. Use the articles posted to summarize the fair value accounting challenges. (Banking Crisis and Fair Value Accounting Project; and Fair Value Accounting and Reliability)
3. Use the banking crisis to highlight these challenges.
4. Discuss the future of Fair value accounting by examining the prospects of FASB’s fair accounting project.

 

1. Historical Cost Accounting Challenges
2. Discuss four challenges based on the video. https://www.youtube.com/watch?reload=9&v=EbCIy-6nzsk
3. Use these challenges to compare the usefulness of any two balance sheets, one from any services industry and the other from a utility or manufacturing industry.
4. Summarize how you would solve this dilemma.