Every company and almost every individual holds fixed assets. Over time, these assets change in value. For example, real estate tends to increase in value, while vehicle values decrease.
In the US, as in most countries, the global crisis has resulted in declines in the real-estate market and employment sectors. These declines result in housing and business property holdings dropping
the Securities and Exchange Commission (SEC) is for relaxation of fair value accounting, which has to do with classifying assets. The SEC is resisting, though sympathetic to the finance industry requests. The door was left slightly ajar if companies would consider the following statements in their audited annual statements: financial statement disclosures when fair value accounting measurements rely on unobservable inputs the institution’s valuation models used to determine fair value the significant