What do you think of this argument

Reference no: EM13825226

Problem-

News Article Review: Former FDIC Chief: Fair Value Caused the Crisis by David M. Katz.

Based on this news article, answer these questions

1. A number of observers suggest that fair valuing of CODs under the old definition caused the global financial crisis of 2008. What do you think of this argument?

2. Make an analysis of how accounting topics such as historical cost accounting and fair value accounting are related to the facts of this article.

For the full article, please look for the PDF document attached along with this document.

Additional information-

This is a news article review on Former FDIC Chief's remarks on fair value accounting was the cause behind the 2008 recession. The news article written by David M. Katz, offers some insights into what really happened during the recession or what actually caused the recession in the first place.

Word limit- 1000.

Reference no: EM13825226

Questions Cloud

Net income and dividends using the equity method : Record for Acquisitions, Inc., the purchase of the investment and its share of Takeover Target’s net income and dividends using the equity method.

Variable factory overhead cost associated with cases : Eclipse Computer Company has been purchasing carrying cases for its portable computers at a delivered cost of $65 per unit. the company which is currently operating below full capacity charges factory overhead to production at the rate of 40% of dire..

Supply chain example problems : Supply Chain Example Problems

Compare two australian businesses : Write an essay on the impact of and responses to globalised ‘Big Business' on national and regional cultures - types of impact that Big Business has had on culture

What do you think of this argument : A number of observers suggest that fair valuing of CODs under the old definition caused the global financial crisis of 2008. What do you think of this argument

Landmark judgments in the current years : Discuss directors and other company officers' duty of care under the general law and corporations legislation in Australia with additional reference to ASIC v Rich (2003) 44 ACSR 682 and ASIC v Macdonald (No 11) (2009) NSWSC287.

Should star cola be retained : A condensed income statement by product line for celestial beverage inc. indicated the following for star cola for the past year. prepare a differential analysis dated January 21, 2014 to determine whether star cola should be continued or discontinue..

Accept or reject a new product line-compute net cash inflow : Based on the decision criteria below, should the proposed project be accepted or rejected? Why or why not? As accountants, you must do a Net present Value analysis, and make a recommendation to management. Compute the net cash inflow (cash receipts l..

Delivering on promises : Describe the services provided by a firm your do business with (e.g., bank, doctor or favorite restaurant) on each of the dimensions. which are : Reliability: Delivering on promises,Responsiveness: Being willing to help, Assurance: Inspiring trust ..

User Account

All Pages