Fair Value Accounting

The recent financial crisis has led to a strong debate about the advantages and disadvantages of fair value accounting. In particular, many critics have argued that fair-value accounting has significantly contributed to the financial crisis or, at least, aggravated its severity.
By referring to relevant prior literature, (i) critically appraise the above statement, and (ii) discuss the benefits and drawback of fair value accounting measurement vis-à-vis other measurements with respect to enhancing the quality of financial information.
 
 
Things not mentioned in the sample assignment which i would like to include in the new assignments.
 
 demonstrate connection of fair value accounting under ideal conditions
 also compare the fair value accounting to historical cost, deprival value
 discuss the quality of information ( relevance, faithful representation, etc.)
 
all the points above in relation to financial crisis.
 
 
Please make sure the references are academic journal articles and please make sure they are not identical w

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