The Impact of Mark-to-Market Accounting

	What impact did fair value or so-called “mark-to-market” accounting have on the financial crisis? What changes have been made to the rule to help reduce unintended consequences? This course looks at the history of the rule, its impact on the recent financial crisis, and changes enacted by the Financial Accounting Standards Board as a result.	Course Info: Course #: 2065B Delivery: Self-Study CPE Hours: 5 Course Level: Basic Prerequisites: None Advanced Preparation: None NASBA Area of Study: Accounting Total Pages: 112 Questions: 25
Course Objectives To recognize the benefits of mark-to-market accounting To identify causes for the bank failures in 2008 To recall the beginning of mark-to-market accounting To identify the hierarchy of measurements for fair value accounting To recognize the types of assets and liabilities that are most commonly measured using fair value accounting To recall how loan impairments are measured To recall the outcome of the 2009 SEC study on fair value accounting To identify action taken by the FASB related to mark-to-market accounting To recognize the objectives of OTTI analysis To identify the topics addressed by the PCAOB Staff Audit Practice Alert on fair value measurements Table of Contents

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