TITLE

ACCOUNTING STANDARDS AND THE FINANCIAL CRISIS

AUTHOR(S)
Cairns, Davod
PUB. DATE
March 2010
SOURCE
Accountancy;Mar2010, Vol. 145 Issue 1399, p67
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the accounting standards and the global financial crisis. Fair value accounting and the determination of impairment losses in accounting are explored for the accusations that they contributed to the financial crisis. The debate on the distinction of the International Accounting Standard 39, "Financial Instruments: Recognition and Measurement" incurred loss model and the expected loss model is discussed.
ACCESSION #
48773279

 

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