Your SlideShare is downloading. ×
0
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Presentation - Maria Gebhardt - Advanced Analysis of Accounting Data

400

Published on

Fair Market Accounting presentation …

Fair Market Accounting presentation

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
400
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Did You Know?“Did you know that the Level Three Assets totaled an incredible $540 billion just for Morgan Stanley, Goldman Sachs, MerrillLynch, Lehman Brothers, JPMorgan Chase, and Citigroup.” Source: (Moyer, 2008)
  • 2. Did You Know?But what really is $540 billion? This image is of just one million dollars. For $540 billion, you would need 540,000,000 hundred dollar bills, or 54,000 piles of one million dollars.
  • 3. Fair Market AccountingAdvanced Analysis and Application of Accounting Data ACG 6315 Dr. Jian Cao Maria Gebhardt December 1, 2008
  • 4. Overview• Recent Market Conditions• Fair Value Accounting• Implications for Managers and Investors• Important Points of Interest• Recap of Presentation• Suggested Web Sites
  • 5. Recent Market Events Significant events have greatly impacted the market. The stock market reached over 14,000 points in October 2007, yet plummeted to under 10,000 pointsduring October and November 2008.
  • 6. Recent Market EventsDow Jones Industrial Average 2006 to Present Source: Yahoo! Finance
  • 7. Recent Market Events Consumer Confidence hasalso seen a significant decline. Source: National Association of Realtors Economic Information
  • 8. Recent Market EventsNew Home Sales in the last 16 months: Source: National Association of Realtors Economic Information
  • 9. Recent Market EventsUnemployment has risen to a 14-year high: Source: Bureau of Labor Statistics
  • 10. Banking & Finance Industry
  • 11. Fair Value Accounting• Accounting Term• Market Value• If Asset• If Liability
  • 12. Fair Value Accounting Three Levels: Source: Federal Reserve Bank of San Francisco
  • 13. Implications : Managers & Investors • One Uniform Model Managers: • Reduce Costs • Reduce Potential Risk Exposure Investors: • Historical Reporting Still Has Value
  • 14. Important Points of Interest• Consistent Reporting Model• Valuation Guides and Instructions• Historical Reporting, Not History• Gain Support, More Information
  • 15. Recap• Recent Market Conditions • Stock Market • Consumer Confidence • New Home Sales • Unemployment Rate• Banking & Finance Industry Collapse
  • 16. Recap• Fair Value Accounting• Implications for Both Managers and Investors• Points of Interest • Consistent Reporting • Valuation Guides • Historical Reporting • Gain Support
  • 17. Thank you for your time. Suggested Web sites for further information: SEC – Spotlight on Fair Value Accounting: http://www.sec.gov/spotlight/fairvalue.htm FASB – Summary of Statement No. 157:http://www.fasb.org/st/summary/stsum157.shtml AICPA – FAQs About Fair Value Accounting:http://www.aicpa.org/MediaCenter/fva_faq.htm

×