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ACC 305 Week 1 DQ 1 FASB and Ethics

ACC 305 Week 1 DQ 1 FASB and Ethics

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ACC 305 Week 1 DQ 1 FASB and Ethics

Research Case 1-3 (page 45)

The purpose of this case is to introduce you to the information available on the website of the Financial Accounting Standards Board (FASB).

Required:

Access the FASB home page on the Internet. The web address is www.fasb.org. Answer the following questions.

1. Describe the mission of the FASB.

2. Who are the current Board members? Briefly describe their backgrounds.

3. How are topics added to the FASB’s technical agenda?

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