Publication Date
1-1-2010
Document Type
Dissertation/Thesis
First Advisor
Churyk, Natalie T.
Degree Name
B.S. (Bachelor of Science)
Legacy 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.
Recommended Citation
Minich, Stephen J., "Comparison of SFAS 159 : Fair Value Option Financial Assets and Financial Liabilities Adopters and Non-adopters" (2010). Honors Capstones. 320.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/320
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
