Hardly a day goes by without an article appearing on the

Reference no: EM13572365

Hardly a day goes by without an article appearing on the crises affecting many of our financial institutions in the United States. It is estimated that the savings and loan debacle of the 1980s, for example, ended up costing $500 billion ($2,000 for every man, woman, and child in the United States). Some argue that if the S&Ls had been required to report their investments at market value instead of cost, large losses would have been reported earlier, which would have signaled regulators to close those S&Ls and, therefore, minimize the losses to U.S. taxpayers.

Explain how reported accounting numbers might affect an individual's perceptions and actions. Cite two examples.

Reference no: EM13572365

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