Visit cpajournal.com to read the very latest from The CPA Journal
January 2009 » When Fair Value Is Not Fair
Full articles of The CPA Journal are available to NYSSCPA members and CPAJ subscribers ONLY. Please login to access this content.
Nonmembers and nonsubscribers, you can apply for NYSSCPA Membership here and get unlimited access to The CPA Journal, or you can create a non-member online account here and purchase individual articles.
Cindy Ma, PhD, CPA, CFA, and Andrew MacNamara, MBA
There are diverse opinions on fair value accounting. While many people recognize that Statement of Financial Accounting Standards (SFAS) 157, Fair Value Measurement, issued by the Financial Accounting Standards Board (FASB), does not represent a fundamental shift in the application of fair value accounting, others have called for the repeal of the standard in hopes of soothing the recent market chaos. We believe that this debate may have been influenced by certain misconceptions and misinterpretations of the accounting literature that seem to be reflected in some of the criticisms leveled against the standard recently.
Advertising with the NYSSCPA is your opportunity to reach the greatest number of business advisors in the most important business state in the nation.
Post a resume or job listing in our Career Center to connect with hundreds of employers or job seekers.
Join 21,000+ of your peers. Apply for membership today!
Find CPE Conferences, Seminars, and Online Courses Here.
Get insight and analysis into all areas of the profession.
Content provided by and exclusively for NYSSCPA members.
Stay up to date with important NYSSCPA news.
A daily roundup of the latest from around the accounting and financial industry.
A strong PAC means a strong profession. Donate Today.
Help develop a strong network of connections.
A resource for NYSSCPA Members.
Members, Get expert answers to technical questions.
Start your career off right with an experienced mentor.
It's never too early to start thinking about your career.