homework

Homework

Fair Market Accounting

Please respond to the following:

--Create an argument for the use of Fair Market Accounting as opposed to historical cost. Provide support for your argument.

--Evaluate the effectiveness of the accounting principle guidelines for determining the market value of an asset, indicating improvements to these guidelines. Provide support for your recommendations. [350 words -- 1-2 references]

Accounting for Derivatives

Please respond to the following:

--Assess the risks associated with derivatives instruments, indicating how these risks may be minimized for a publically traded company. Provide support for your rationale.

--As an investor, assess the potential financial concerns to be raised when reviewing the financial statements of a publically traded company containing derivative instruments providing a recommendation for how the concerns may be identified and addressed. [350 words -- 1-2 references]