Valuations in 2022 have been falling like a rock as the war in Ukraine rages, inflation skyrockets and the Fed tightens the screws. Fintech firm, Klarna, whose valuation plummeted 85% to just $6.7 ...
Writing about home mortgages issued between 2006-08 in his 2019 memoir What It Takes, Blackstone Group co-founder Stephen Schwarzman recalled that something north of 90% of them ultimately performed.
The term “printing money” is a commonly used axiom to describe our government’s seemingly endless supply of money it uses to fund its policy and spending endeavors. Our mind turns to visions of the ...
In finance, few concepts are as crucial — or as controversial — as Mark to Market accounting (often shortened to MTM). For financial institutions and investors alike, MTM acts as the “Mirror of the ...
After the Financial Accounting Standards Board and the Securities and Exchange Commission reversed their stances on mark-to-market accounting last month and allowed banks to use discounted cash flows ...
WASHINGTON (Reuters) - U.S. auditors can view the mark-to-market accounting guidance approved on Thursday as the extra assurance they need to let banks paint a more rosy picture of their financial ...
A taxpayer with shares in a passive foreign investment company (a “PFIC”) may qualify to make either a qualified electing fund (“QEF”) election or an election to apply mark-to-market treatment with ...
The proliferation of retail trading has brought challenges as well as new opportunities for accountants. Because the tax rules surrounding day trading can be murky and complex, clients who day-trade ...