Fair Value Accounting Advantages?

Answer

In fair value accounting assets and liabilities are reported according to their value in the current market environment. Fair value accounting is perceived as more accurate because it represents the current worth of assets and liabilities.
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Q&A Related to "Fair Value Accounting Advantages?"
Advantage = its fair. Disadvantage = some people don't like fair things.
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1. Review the business's tax returns, financial statements and books and records. Books and records include general ledgers, bank statements and reconciliations, payroll reports and
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Fair value acct. companies are required or permitted to measure & report on an
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The value that that asset has at that movement in market
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