Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Share-based payment transactions?
The fair value accounting standard SFAS 157 applies to monetary assets of all publicly-traded companies in the US as of 2007 Nov. 15. It as well applies to non-financial assets and liabilities that are recognized or disclosed at fair value on a recurring basis. Beginning in 2009 the standard will concern to other non-financial assets. SFAS 157 applies to items meant for which other accounting pronouncements require or allow fair value measurements except share-based payment transactions, such as stock option compensation.
SFAS 157 offers a hierarchy of three levels of input data for determining the fair value of an asset or liability. This hierarchy ranks the reliability and quality of information used to determine fair values with level 1 inputs being the most reliable and level 3 inputs being the least reliable.
- Level 1 is quoted prices for identical items in active liquid as well as visible markets such as stock exchanges.
- Level 2 is observable information for similar items in active or else inactive markets such like two similarly situated buildings in a downtown real estate market.
- Level 3 are unobservable inputs to be used in situations where markets don't exist or are illiquid such as the present credit crisis. At this point fair market valuation turns into highly subjective. Fair value accounting has been a contentious topic ever since it was introduced For instance banks and investment banks have had to reduce the value of the mortgages and mortgage-backed securities to reflect current prices. Those prices declined harshly with the collapse of credit markets as mortgage defaults escalated in the financial crisis of 2008-2009. Despite debate over the proper performance of fair market value accounting International Financial Reporting Standards utilize this approach a lot more than the Generally Accepted Accounting Principles of the United States.
Of the two, who is the ____ , Marie Antoinette or Anne Boleyn? (Points : 2) more famous most famous famouser Question 3. 3. The traffic where we live is _____
when discrepancies occured on financial documents,what consequences will arise?
Zack is a farmer who buys his feed and fertilizer from a farmer cooperative. In 2012, Zack purchased $300,000 in feed and fertilizer for the farm and $10,000 of household goods. Be
Example of net realizable value? To exemplify a necessary write-down in the cost of inventory presume that an automobile dealer has a demonstrator on hand. The dealer obtained
1. Carmen Santiago works for a number of businesses as a "consultant." She has helped design accounting systems, provided accounting services, and analyzed the financial stre
Solve accounting income statement question in single step with given details.. The following are information for the Lotu Wo Company: Net Sales 5
when creating a trial balance, which account balances carry over from previous months
__________ accounts show the amount of money owed to the firm by customers. A. Supply B. Prepaid C. Receivables D. Payables
How do I complete this chart
Q. Explain about lower-of-cost-or-market method? The lower-of-cost-or-market (LCM) method is the inventory costing method that values inventory at the lower of its historical c
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd