Since some of you have been asking for Level 3 accounting, here is a short review:
Under FASB terminology, Level 1 means mark-to-market, where an asset's worth is based on a real price. Level 2 is mark-to- model, an estimate based on observable inputs and used when there aren't any quoted prices available. Level 3 values are based on “unobservable” inputs reflecting companies' “own assumptions” about the way assets would be priced.
http://www.fasb.org/st/summary/stsum157.shtml
http://www.fasb.org/st/summary/stsum159.shtml
Thursday, September 18, 2008
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2008
(146)
-
▼
September
(15)
- The Debts of the Spenders: Lack of Trust Has Creat...
- The Debts of the Spenders: CDS Part II (Private Ca...
- The Debts of the World: Credit Markets Explained
- The Debts of the Spenders: CDS (Credit Default Swa...
- The Debts of the Spenders: Negative Interest on Tr...
- The Debts of the Spenders: Foreign Reaction To Bai...
- The Debts of the Spenders: Return to Level 3 Accou...
- The Debts of the World: Hyperinflation Meets Hyper...
- The Debts of the World: Deflation Part III
- The Debts of the World: Deflation Part II
- The Debts of the Spenders: If they Build It, They ...
- The Debts of the World: How Deflation is Killing G...
- The Debts of the Spenders: The Real Cost of a Bailout
- The Debts of the Spenders: Questioning Government ...
- The Debts of the Spenders: Why the Dollar is Rallying
-
▼
September
(15)
0 comments:
Post a Comment