The pros and cons of Fair Value accounting

The pros and cons of Fair Value accounting

Definition(s)
Applications
Consequences / Impacts
Pros
Cons
Examples
Literature-based work (quotations, please!)
Max 10 pages, verdana, 12”, 1.5 space, deadline Feb 25th.

he paper is about the pros and cons of the fair value accounting. Then I need you guys to dig in into the Definition(s), Applications, Consequences / Impacts, Pros, Cons (as main goal) and Examples.

with Literature-based work (quotations, please!)…. Let me know specifacly what else you need to know.