Discussion Post: Accounting Of Financial Institutions
I. Describe the followings in your own words:
i. What is Fair Value Accounting?
ii. What Is Fair Market Value Accounting? How the FASB is going to standardize the calculation of financial instruments by looking at their historical cost?
II. What do you mean by loan loss provision? Why Does a Loan Loss Provision Matter? And how does a loan loss provision work?
III. How to differentiate liquid risk and Credit Risk with reference to the financial economics sector and how the interest rate risk make an impact on the economy?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.