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ACCOUNTING
Accounting for Obelisks
Posted by Jason Karaian | CFO.com | Europe
January 18, 2007 10:07 AM ET

As finance executives struggle with fair-value accounting, many long for some sort of Rosetta Stone to help them decipher the market value of complex assets and financial instruments.

Even worse for the finance staff at the British Museum, the UK's accounting standards setter is asking them to place a value on the Rosetta Stone itself. In a recent exposure draft, the regulator proposed that the country's cultural institutions account for the current market value of all "heritage assets" on their balance sheets.

I wonder what the going price is for this pile of rocks. . .

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