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Financial Crisis

C/F/537. Proposal. Effects of Sub-prime Financial Crisis of 2008 on Accounting

WORDS:
2000
DATE:
2009
PRICE:
29.99 GBP

The paper proposes research into the accounting issues brought about by the sub-prime mortgage crisis and credit crunch including fair value measurements, overvaluation of assets, undervaluation of liabilities, disclosure of financial instruments, consolidation of entities, treatments of the off balance sheet positions, etc. The effects of the crisis on the existing accounting principles and practices are discussed focusing on the areas that have to be revised and improved in order to prevent further financial catastrophes. Research objectives, methods and timescale are outlined.

 

KEYWORDS: Proposal, Sub-prime, crisis, accounting, fair value, off balance sheet, assets, liabilities, FAS, IFRS, IAS,

 
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