Accounting Jokes

Friday, September 26, 2008

Mark to Market Accounting Consequences of Bailout Explained

Excellent article here on how mark to market accounting affects the current investment bank bailout proposal.

Also, in a reaction to the financial crisis, the International Accounting Standards Board has called a special meeting to discuss the IFRS rules on accounting for financial instruments, which is where the fair value and mark to market accounting rules exist.

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