Although fair value accounting was blamed by some as the primary cause of the 2008 financial crisis this was probably not the case nevertheless policymakers should be aware that both fair value and historical cost accounting sometimes can produce misleading information resulting in both institutional and systemic risk. Fair value accounting historical cost accounting and systemic risk policy issues and options for strengthening valuation and reducing risk by michael d greenberg 2013 10 04 michael d greenbergeric hellandnoreen clancyjames n dertouzos isbn kostenloser versand fur alle bucher mit versand und verkauf duch amazon. Fair value accountingfva refers to the practice of periodically revaluing an asset or a liability based on current prices in a liquid market1 fair value accounting is commonly distinguished from the competing method ofhistorical cost accountinghca in which the book value of an asset is based on the price that was originally paid for itin practice both of these perspectives on asset . Risk policy issues and options for strengthening valuation and reducing risk fair value accounting historical cost accounting and systemic risk policy issues and options for strengthening valuation and reducing risk as recognized adventure as without difficulty as experience practically lesson amusement as competently as union can be gotten . Get this from a library fair value accounting historical cost accounting and systemic risk policy issues and options for strengthening valuation and reducing risk michael d greenberg eric helland noreen clancy james n dertouzos rand center for corporate ethics and governance fair value accounting fva refers to the practice of updating the valuation of assets or securities on