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Stella Fearnley's creative input
In case you missed it, fair value accounting came in for another bashing this week as markets went into meltdown because of the sub-prime mortgage crisis.
Anyway, in the wake of the financial chaos this stirring ode, to the tune of West Ham FC anthem 'I'm forever blowing bubbles', found its way to TS Towers from the 'pen' of accounting academic Stella Fearnley:
Song for IASB and FASB
Our accounting's blowing bubbles
Profit bubbles in the air
They grow so high
Nearly reach the sky
And then your pensions
fade and die
Fortune's now declining
Why should we two care?
We'll just keep on blowing bubbles
And converge you everywhere
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