Accounting in Financial Crisis

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[Role of Accounting in Financial Crisis]

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5. Conclusion

anything else that needs to be changed (in accounting) to prevent future crises

could have we prevented the crisis

summary of role of financial accounting in crisis

2. Proportion of blame to accounting

Fair value accounting system

How to measure what an asset is worth?

Fair value marks assets at the current market price.

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sLack of visibility in Financial Statement

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market to market accounting

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3. Impacts (with focus on accounting)