The fair value accounting controversy
Fair value accounting has been controversial for years. Find an article about the fair value accounting controversy and share a link to your chosen article in your initial post. Then, discuss the author's views - do you agree with the author? What implications are there for companies based on this article? As a user of financial statements, do you want to see fair value accounting or cost accounting? Why?
In your responses to peers, review the articles they found and discuss whether you would have responded in a similar way. Discuss similarities and differences between the articles chosen by your peers and your own. Do you agree with the thoughts of your peers regarding their preference of fair value accounting or cost accounting?