[Role of Accounting in Financial Crisis]
Will need a catchy title.
5. Conclusion
anything else that needs to be changed (in accounting) to prevent future crises
could have we prevented the crisis
summary of role of financial accounting in crisis
2. Proportion of blame to accounting
Fair value accounting system
How to measure what an asset is worth?
Fair value marks assets at the current market price.
1. All root causes of financial crisis
sLack of visibility in Financial Statement
Mortgage backed Securities
Collaterized Debt Obligations
market to market accounting
4. Consequences (e. new regulations affecting accounting)
3. Impacts (with focus on accounting)
