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/ 83.5.250.* / 2009-07-23 17:32
Księgowi zbuntowali się i nie będą więcej zgadzali się na fałszowanie faktycznej sytuacji w bilansach i do tego poza nimi, żądając przeniesienia do bilansów tego, co chowają poza nimi, w podejrzanych spółkach zależnych, szczególnie dotknie to sektora finansowego.
Now the FASB says it may expand the use of fair-market values on corporate income statements and balance sheets in ways it never has before. Even loans would have to be carried on the balance sheet at fair value, under a preliminary decision reached July 15. The board might decide whether to issue a formal proposal on the matter as soon as next month.
The impact of this would be tremendous. As Jonathan has noted, this would have "caught" CIT in December, six months before they got "in trouble" according to the market, as their loan book was in fact "worth" enough less to wipe out shareholder equity in December!
Here's the short and skinny:
The scope of the FASB’s initiative, which has received almost no attention in the press, is massive. All financial assets would have to be recorded at fair value on the balance sheet each quarter, under the board’s tentative plan.
This would mean an end to asset classifications such as held for investment, held to maturity and held for sale, along with their differing balance-sheet treatments. Most loans, for example, probably would be presented on the balance sheet at cost, with a line item below showing accumulated change in fair value, and then a net fair-value figure below that. For lenders, rule changes could mean faster recognition of loan losses, resulting in lower earnings and book values.