Financial Accounting Standards Board Research Paper by The Research Group

Financial Accounting Standards Board
Examines its history, purpose, accomplishments, powers, procedures and publications. Looks at conflict with corporations, its leadership and future.
# 13243 | 2,250 words | 13 sources | 1997 | US
Published on Feb 10, 2003 in Accounting (General)

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From the Paper:

This research examines the Financial Accounting Standards Board (FASB). The examination begins with a brief history of the FASB and a consideration of the purpose of the organization. Major accomplishments of the FASB are discussed, and the current debate surrounding the FASB are addressed.
Purpose and History of the FASB
Financial accounting is concerned with recording the actual financial activities of an organization. The purpose of financial accounting, thus, is to provide the financial information necessary for an organization to do its job and for an organization to be able to accurately report its performance to investors, creditors, and governmental agencies. Public confidence.."

Cite this Research Paper:

APA Format

Financial Accounting Standards Board (2003, February 10) Retrieved December 12, 2019, from

MLA Format

"Financial Accounting Standards Board" 10 February 2003. Web. 12 December. 2019. <>