In recent and planned deliberations, the Financial Accounting Standards Board is reaffirming its slant toward fair value accounting for financial instruments, which the Board believes is a better indicator of an asset's value than some of the more present-value and cashflow-based approaches sometimes used in the illiquid and/or retained portions of securitizations, as well as other financial instruments.

That said, the FASB's proposed approach to arriving at fair value for an asset that isn't actively traded seems to be a variation of existing present value and cashflow valuation.

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