Accountancy: Ledger Domain PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. CFA Digest November 2011 | Vol. 41 | No. 4 | 2 pages Source: CFA InstituteAdam JonesBrian A. Maris, CFA (Reviewer) Read Abstract Following the financial crisis of 2007–2008, accountants and banking regulators realized the inadequacy of requiring financial institutions to recognize losses on loans and investments only after default has occurred. Efforts to revise the International Financial Reporting Standards and Generally Accepted Accounting Principles to allow losses to be recognized sooner, however, have not yet been successful. View more information Topics Financial Statement Analysis : Accounting and Auditing Standards Development · Analysis of Debt · Analysis of Long-Lived Assets Credits · About the CE Program 0 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits People who viewed this page also viewed: China's 12th Five-Year Plan Alexander Van Kemenade discusses China's 12th five-year plan, which includes higher efficiency in the use of energy, water, and carbon ... More Loading ...