Mark-to-market accounting method under FASB 157 became effective for public companies, creating a demand for practical guidance for implementing mark-to-market accounting.

Mark-to-Market Accounting explains the complexities and intricacies of mark-to-market accounting, providing the historical background and a critical analysis of the two opposing principles in the highly contentious debate stemming from this accounting pronouncement. The book addresses a full range of topics of critical interest with definitive guidance for accountants, auditors, fraud examiners, business valuators, academia and regulatory bodies on understanding and implementing mark-to-market accounting.