Respond to the following in a minimum of 175 words:

Discuss is the primary objective of the fair value method of accounting for an investment?

And don't just copy/paste from other post:

"Fair market value allows a firm to measure to determine the assets and liabilities value based it's estimated fair prices in the market; thus will report the fair value of investment as an asset and changes in fair value to be as earnings. The main objective is to provide more accuracy as there is lesser opportunity for the data manipulation in accounting. Moreover as the losses are reported when the values of asset changes, and not when it is involved in a transaction, thus the proponents of this measurements contend that investors would not be easily able to be misled by the companies if they try not to depict the losses.

Furthermore the investor possesses only a tiny percentage of an investee and thus will not expect to have a strong influence on the decision-making or operations of the investee. As the shares are usually bought in anticipation of stock market values appreciation or cash dividends, and the dividends received will be accounted for as income and the investment shown on the balance sheet date at its fair value which is often the market value at that date."