Utilizing your research experience from the previous weeks,consider the article âSubprime Crisis and Fair-Value Accountingâ(Healy, Palepu, & Serafeim, 2009) from the perspective of anaccounting regulator (e.g., the FASB). Next, using outside sourcesthat you may seek and your professional experience, develop andwrite a 3- to 4-page paper concisely answering the followingquestions: (A8.1) If you were a FASB researcher, what specificallywould be the relevant accounting research question with respect tothe subprime crisis and fair-value accounting? Propose a researchquestion spanning multiple areas of an organization's financialstatements. (A8.2) What accounting standards exist that alreadyeffect banks involved in the crisis? (A8.3) What must be known,estimated, and assumed to answer the research question? (A8.4) Whatwould your recommendations be with respect to fair-value accountingstandards for banks? Outline the basis of your recommendation.
Utilizing your research experience from the previous weeks,consider the article âSubprime Crisis and Fair-Value Accountingâ(Healy, Palepu, & Serafeim, 2009) from the perspective of anaccounting regulator (e.g., the FASB). Next, using outside sourcesthat you may seek and your professional experience, develop andwrite a 3- to 4-page paper concisely answering the followingquestions: (A8.1) If you were a FASB researcher, what specificallywould be the relevant accounting research question with respect tothe subprime crisis and fair-value accounting? Propose a researchquestion spanning multiple areas of an organization's financialstatements. (A8.2) What accounting standards exist that alreadyeffect banks involved in the crisis? (A8.3) What must be known,estimated, and assumed to answer the research question? (A8.4) Whatwould your recommendations be with respect to fair-value accountingstandards for banks? Outline the basis of your recommendation.
