Fair Market Accounting and risks associated

Create an argumentfor the use of Fair Market Accounting as opposed to historical cost.Provide support for your argument. Evaluate theeffectiveness of the accounting principle guidelines for determining themarket value of an asset, indicating improvements to these guidelines.Provide support for your recommendations.Assess the risks associatedwith derivatives instruments, indicating how these risks may be minimizedfor a publically traded company. Provide support for your rationale. As an investor,assess the potential financial concerns to be raised when reviewing thefinancial statements of a publically traded company containing derivativeinstruments providing a recommendation for how the concerns may beidentified and addressed.