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So does this mean they prefer unfair value?

Why CFOs Hate Fair Value

The theory of fair value is that a company’s financial statements are most useful to investors if the company’s assets and liabilities are constantly reported at market value. Traditionally, companies reported their assets and liabilities at historic cost—that is, what they paid for them.

This was written by Mark Mahorney. Posted on Friday, May 16, 2008, at 7:50 am. Filed under Quantorama, Stockblog. Bookmark the permalink. Follow comments here with the RSS feed. Both comments and trackbacks are currently closed.