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MERLOT II




        

Search > Learning Exercise Results > Financial Accounting Standards Board (FASB) Overview

Learning Exercise: Financial Accounting Standards Board (FASB) Overview

Title:
Financial Accounting Standards Board (FASB) Overview
Material:
Description:
The assignment is to introduce students to the purpose and members of the Financial Accounting Standards Board (FASB) via the organization's Web site.
Course: Introductory Financial Accounting Course

Info

Submitted by:
George Schell
Date Last Modified:
October 10, 2000

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.)

Categories

Audience

  • College Lower Div Major

Topics

FASB Mission and Members

Requirements

none

Learning Objectives

Undertand the Financial Accounting Standards Board (FASB) mission and the members of the organization.

Type of Task

  • Individual
  • Student-centered
  • Supplemental activity

Technical Notes

students must be able to access the Web and navigate links