Go to theFASB Website (http://www.fasb.org/st/summary/stsum157.shtml) to review Summary of Statement 157, Fair Value Measurements. Next, analyze the changes that Statement 157 makes to fair value measurement. Based on your analysis, take a position on whether you agree or disagree with the FASB’s position on the fundamental ways Statement 157 changes improve financial reporting. Provide support for your position

Critical Thinking Skills, Content/Subject, Knowledge Demonstrated in Original Post (10 pts / 50%)

Student’s post indicates thoughtful analysis and provides valuable insight into the topic. Student thoroughly addresses all elements of the discussion prompt, and demonstrates an advanced knowledge of the topic. Student makes strong and precise connections to previous and/or current course content, or to real-life situations, in initial post.

Your main response to discussion topic should be greater than 250-words. Be sure to cite and provide references in APA format.

Participation (6 pts / 30%)

Student responds with thorough and constructive analysis to the required number of peers, relating the response to relevant course concepts. Student may pose pertinent follow-up thoughts or questions about the topic, and demonstrates respect for the diverse opinions of fellow learners.

At least one reply to your classmates of 75+ words.

Coherence & Organization (2 pts / 10%)

Student effectively communicates a central idea or point that is weaved throughout the entirety of the post, in a coherent and logical manner. Post is easy to understand.

Mechanics (2 pts / 10%)

Initial post contains very few, if any, minor errors related to grammar, spelling, and sentence structure. Post is easy to read and understand. Student properly cites resources (if applicable), per instructor expectations.

Citations and references in APA 6th ed.

Total points 20 pts / 100%

(http://www.fasb.org/st/summary/stsum157.shtml