I will pay for the following article Contemporary Issues in Accounting and Finance in FASB. The work is to be 8 pages with three to five sources, with in-text citations and a reference page.

I will pay for the following article Contemporary Issues in Accounting and Finance in FASB. The work is to be 8 pages with three to five sources, with in-text citations and a reference page. Though mark- to market process or so-called fair value accounting was considered as necessary to capture the risk, however, it seems to have worked like a double sword wherein a potentially small problem was turned into a bigger one because asset values were down due to market freeze despite the fact that most of the firms managing such assets were performing well. (Pozen, 2009)

What contributed towards the development of fair value accounting and under what conditions it was advocated is one of the most important debates in the current accounting and finance literature. The theoretical contributions that have been made in the recent past for the development of fair value accounting largely viewed this issue from a different perspective. The fair value accounting advocates, therefore, focused on the development of a comprehensive accounting framework which can cater to the needs for properly recording those assets and liabilities whose values change with the changes in the market fundamentals or for any other reasons.

This paper will, therefore, provide a comprehensive review and critical analysis of the role, if any, played by the accounting and finance theory in the development and implementation of fair value accounting by FASB.

Before discussing the role that theory has played in the development and implementation of fair value accounting, It is important that a comprehensive understanding of the term fair accounting is developed and why it was advocated to be implemented.

According to generally accepted accounting practices, the fair value of the asset is the current value at which an asset can be sold in the market between two parties under an arms-length transaction. Generally, accounting practices or standards advocated the use of historical cost in recording the assets and liabilities in the balance sheet, however, as the financial products became more complex and financial innovation took place, the real value of the assets does not necessarily reflect the cost only. Complex derivative transactions with no downside risk protection can cause their value to decline significantly hence they may not represent the correct assessment of the value of the assets.

Show more







Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more