A few prominent investment banks wiped, a crashed housing market, oil prices plummeted, investors running from the market bears, people hoarding the last remaining gold, American automakers in serious peril … sounds like a financial hurricane went through in 2009, doesn’t it? Looking back at it now, one question still glows in embers – who was [...]
Sunday, December 21, 2008
Being an accountant by trade, I’ve had some thoughts about how the recent spotlight on ‘fair-value’ accounting has been affecting the markets. Essentially, fair-value is a set of accounting principles that reflect financial statement items at current market prices rather than historical cost prices. The entire world’s accounting standards are moving towards fair-value presentation. The [...]
Monday, March 8, 2010
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