Fairvalue #335 Fair Value Accounting Standards

http://www.sec.gov/spotlight/fairvalue.htm to the needs of financial statement users and regulators, as well as issuers, in order to more accurately present the economic reality of the matters reflected on the balance sheet. As a result, fair value accounting has been subjected to careful study and implementation as an improvement to the traditional U.S. accounting treatment of valuing assets and liabilities at historical cost that too often is no longer relevant. Valuing Page 2 of 3 assets and liabilities at fair value results in reporting gains and losses as the market position improves or suffers, respectively. The investors, creditors and regulators would now possess more economically accurate, realistic and relevant information, as one of several criteria, onwhich to base their decisions. Although there is little