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Article: Market-value or historical cost accounting. (new accounting standard by Financial Accounting Standards Board) (Panel Discussion)
- Article from:
- Government Finance Review
- Article date:
- April 1, 1992
CopyrightCOPYRIGHT 1992 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Market-value accounting" is a hot buzzword this season in financial circles and regulatory bodies. With the increasing concern in the public and private sectors about the adequacy of financial statement reporting by financial institutions, market-value accounting concepts have received considerable attention from the Congress, the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC) and others as a possible means to improve financial reporting. There is widespread belief in some quarters that the current use of historical cost accounting by banking institutions has been a contributing factor in masking both the true value of their ...