Synopses & Reviews
The overall goal of this text is to pull back the veil of mystique that prevents many people from understanding an organization that is very important to the accounting profession and to the U.S. economy. The FASB describes why financial reporting exists, why GAAP are needed, and why the FASB was created. This is a great supplement for the Intermediate Accounting course as well as an Accounting Theory course.
Table of Contents
Prologue: The Life Cycle of an Accounting Issue Chapter 1. Financial Accounting and the FASB Chapter 2. The People and the Structure of the FASB Chapter 3. The FASBs Due Process Chapter 4. The Conceptual Framework Project Chapter 5. Some Recurring Accounting Controversies Chapter 6. A Look into the FASBs Future Review Questions