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Hello, I am looking for someone to write an essay on Big Banks Big Bucks. It needs to be at least 500 words.In other words, the assets of the financial institution would have been counted applying a d
Hello, I am looking for someone to write an essay on Big Banks Big Bucks. It needs to be at least 500 words.
In other words, the assets of the financial institution would have been counted applying a different rubric than what was in actuality a clear representation of the current value. Additionally, before FAS 157 financial institutions were not required to clarify changes in credit risks, meet the same rigid disclosure requirements, or painstakingly disclose the hierarchies and means of measurement that they employed to measure their assets and liabilities.
Measurement of assets is a tricky business. One of the most troublesome aspects of this is the fact that on any given day the assets and or liabilities of the financial institution are prone to move in either direction. Accordingly, it makes it difficult for leadership as well as the firm’s investors to make informed decisions about the actual net worth of the firm and in what direction it may wish to pursue based on the information. Likewise, in addition to the fluctuation of the daily stock market, the financial institutions now had to be cognizant of the changing nature of their assets with respect to the changes in market activity and financial instruments that help define the true market value of the securities and other mechanisms held by
