"Fair Market Accounting" Please respond to the following:

• CreateanargumentfortheuseofFairMarketAccountingasopposedtohistoricalcost.Providesupportforyourargument.
• Evaluatetheeffectivenessoftheaccountingprincipleguidelinesfordeterminingthemarketvalueofanasset,indicatingimprovementstotheseguidelines.Providesupportforyourrecommendations.

"Accounting for Derivatives" Please respond to the following:

• Assesstherisksassociatedwithderivativesinstruments,indicatinghowtheserisksmaybeminimizedforapublicallytradedcompany.Providesupportforyourrationale.
• Asaninvestor,assessthepotentialfinancialconcernstoberaisedwhenreviewingthefinancialstatementsofapublicallytradedcompanycontainingderivativeinstrumentsprovidingarecommendationforhowtheconcernsmaybeidentifiedandaddressed.

Each question should be answered with at least 200 words