For this week's discussion, you will review the articles in the Resources section and take a big-picture approach to discussing fair value and its implications in the business world. As you review the articles, consider the implications that a professional in the field should consider regarding fair value. It is important to consider accounting practices as they apply to a company and its financials, and how to maintain ethical practices aligned with various regulatory bodies. 

In your initial discussion post, consider the following: 

• What  accountants need to consider for different types of balance sheet accounting?
• Why are there multiple valuation methods to use, and how does a company decide which is the best?
• What information would be most valuable to management, lenders, and investors? Would all three find the same information valuable? Why or why not?
• What should be disclosed in the financial statements as it relates to fair value? Why?