Undertand the Financial Accounting Standards Board (FASB) mission and the members of the organization.
students must be able to access the Web and navigate links
Text of Learning Exercise:
From the initial http://www.fasb.org site navigate to the link labeled "Financial Accounting Standards Board". This site gives current information about FASB and upcoming events.
Next, link to the "FASB Facts" site (see the navigation bar on the left-hand-side of the Web page) and answer the questions below.
1) write a brief overview (6 to 10 sentences) of the Financial Accounting Standards Board (FASB). 2) paraphrase the FASB mission statement in three or less sentences 3) name three members on the Board and describe their experience that qualifies them for Board membership 4) name five members on the Financial Accounting Standards Advisory Council (the Council is differnet from the Board) and state where the member works and the type of work performed (manufacturing, education, consulting, etc.)