id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
absel-3080	Boyas, Elise	What is 	2017	4	.pdf	application/pdf	3364	144	50	Accountants have considered the impact on balance sheet valuations when fair values differ from book values, such as the use of the allowance for uncollectible accounts to take accounts receivable down to net realizable value, or the lower of cost or net realizable value test for inventory, or marking a portfolio of investment securities to market value, or writing down long lived assets that are impaired (even while ignoring write ups to fair value). In order to improve the quality of fair value data and reduce the estimation error surrounding fair values, Statement of Financial Accounting Standard No. 157 (issued in 2006 and now codified as ASC820) sets forth guidance for meaningful disclosures which address the level of uncertainty inherent in fair value measures.	cache/absel-3080.pdf	txt/absel-3080.txt