http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
Examines fair value accounting, which is a market-based accounting system for determining value of assets and liabilities, in light of current economic crisis. Provides historical background on fair value accounting; explains workings of the Financial Accounting Standards Board, the private-sector entity that sets accounting standards; and characterizes Congressional interest in fair value accounting. Describes recent and controversial financial accounting statement 157, examines key fair value pros and cons, discusses various proposals to reform fair value accounting, and examines major recent and ongoing developments related to fair value accounting.
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.
Library of Congress. Congressional Research Service.