[Role of Accounting in Financial Crisis]

r

Will need a catchy title.

3. Impacts (with focus on accounting)

4. Consequences (e. new regulations affecting accounting)

1. All root causes of financial crisis

market to market accounting

Collaterized Debt Obligations

Mortgage backed Securities

sLack of visibility in Financial Statement

2. Proportion of blame to accounting

Fair value accounting system

r

How to measure what an asset is worth?Fair value marks assets at the current market price.

5. Conclusion

summary of role of financial accounting in crisis

could have we prevented the crisis

anything else that needs to be changed (in accounting) to prevent future crises