The financial statements reported by banks use book value accounting concepts; that is, assets, liabilities, and equity
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The financial statements reported by banks use book value accounting concepts; that is, assets, liabilities, and equity accounts are generally reported at their original cost or book value. An alternative accounting method frequently discussed for use by banks is market value accounting. We discuss the issues, consequences of, and current status of the use of market value accounting in Chapter 22.
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Financial Markets And Institutions
ISBN: 9781259919718
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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