Publication Date

1-1-2010

Document Type

Dissertation/Thesis

First Advisor

Churyk, Natalie T.

Degree Name

B.S. (Bachelor of Science)

Department

Department of Accountancy

Abstract

This study compared and contrasted financial metrics of entities that adopted SFAS No. 159 and those that did not over the first quarters of 2007 and 2008. The option to apply fair value to select securities came under much scrutiny during the deep recession of 2008 which prompted more study of SFAS No. 159 application. To better understand the financial characteristics of adopters and non-adopters, commercial banks were identified and their financial statements examined. Financial data was gathered for the first quarter filings of2007 and 2008 using COMPUSTAT, and was then analyzed by statistically comparing groups. Results showed that there were marginally significant differences between the groups.

Extent

22 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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