AccountingBLOCK - Accounting Forums - View Single Post - Fair Value Rule Triggers $800 Million Loss

ZaddY · 05-07-2008, 12:30 PM

FAS 157 can be a disaster for some companies like this one. It is good for investors though because you will know how a company measures fair value of its assets. 157 increases consistency and comparability in fair value measurements.

05-07-2008, 12:30 PM	#2 (permalink)
ZaddY Status: Owner/Administrator Join Date: Mar 2008 Location: Bay Area, CA Posts: 148	FAS 157 can be a disaster for some companies like this one. It is good for investors though because you will know how a company measures fair value of its assets. 157 increases consistency and comparability in fair value measurements. __________________ Zahid H. Lilani