Conservative Economic Commentary | Topic: FASB Statement 157

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Subject: FASB Statement 157

This Statement defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. This Statement applies under other accounting pronouncements that require or permit fair value measurements, the Board having previously concluded in those accounting pronouncements that fair value is the relevant measurement attribute. Accordingly, this Statement does not require any new fair value measurements. However, for some entities, the application of this Statement will change current practice.

Hard Times

Finding a job in the new capital market

By John Schroy, on April 17th, 2009 |

One comment

The Crash of 2008 was the end to what I call, “the old capital markets”.

A new era is beginning, but form and detail are hidden in the mists of change. It may be a decade or so before new structures and directions are visible.

Many were thrown out of work by the Crash, but before getting into the unpleasant chore of actually looking for a job, you should consider whether or not you even want to work in the new capital markets.

More » Finding a job in the new capital market