Question
Some members of the accounting profession are advocating market value accounting for banks. Explain the arguments for and against market-value accounting. In your answer ensure
Some members of the accounting profession are advocating market value accounting for banks.
Explain the arguments for and against market-value accounting. In your answer ensure that you clearly explain "real losses" and "paper losses" and the role of moral hazard in the application of market value accounting. Use a simplified bank balance sheet to illustrate your response.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
