Subprime Crisis and Fair-Value Accounting
Posted: 4 Nov 2009
Date Written: August 5, 2009
Abstract
This case examines the challenges in implementing fair value accounting for mortgage instruments, the role of accounting in the sub-prime crisis, and proposals for revising accounting standards given the crisis.
JEL Classification: A20
Suggested Citation: Suggested Citation
Healy, Paul M. and Palepu, Krishna and Serafeim, George, Subprime Crisis and Fair-Value Accounting (August 5, 2009). HBS Case No. 109-031, Harvard Business School Accounting & Management Unit, Available at SSRN: https://ssrn.com/abstract=1499722
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