Fair Value Accounting Fact Or Fancy?

Accidental death--fact, fancy or fable.

Fair Value Accounting and the Financial Crisis: Messenger or Contributor

Did fair value accounting play a role in the current financial crisis? This appendix explores the issue. Fair value accounting implies that assets and liabilities get measured and reflected on a firm`s financial statements at their market value, or close substitutes. Extensive academic research done over the past 20 years shows that financial statements that reflect the market values of assets ...

Fair Value Accounting for Liabilities and Own Credit Risk

Changes in credit risk may arise when either the value or the risk of corporate assets changes. Changes in the equity value associated with the changes in the asset value and changes in asset risk can be characterized into potentially countervailing direct and indirect effects. The indirect effect of risk on equity value is a function of factors that affect the debt value of including leverage,...

Hematophagous Endeavors, Fact and Fancy

L start with some facts. The word "mosquito" is Spanish for “little fly.” The single family Culicidae comprises more than 3,500 species of mosquitoes, and these ectoparasites are found in a wide range of environments spanning the globe with the exception of Antarctica. The life span of adult mosquitoes ranges from 2 weeks to 6 months. Mosquitoes belonging to about three quarters of recognized s...

MACHINE the reasonable TRANSLATION ▬ middle ground FACT OR FANCY ?

few years ago, a number of news stories appeared here and there announcing "fundamental breakthroughs" in the development of machine translation from Russian into English and declaring that workable machine translation systems, if not already a reality, were just around the corner. Since then, one or two government agencies have begun to operate automatic translation facilities with which some ...