You know you wish *your* accounting assignments were like this
By: PAUL JACKSON
May 1, 2009 8:05 AM CST
A dear colleague found this on YouTube the other day — an actual FAS 159 rap. For those of you who aren’t accounting geeks, FAS 159 is the fair-value option that was the foundation for the mark-to-market brouhaha we’ve been forced to hear about for about the past 12 months.
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May 4th, 2009 9:30 am by Bob Eidson
I think I’ve found a new calling… “market value of the debt goes down… what’s up”
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