Share
Explore BrainMass

Go to the Financial Accounting Standards Board's web site.

1. Go to the Financial Accounting Standards Board's web site. LIst by number and name all FASB statements that specifically provide accounting and reporting guidance for not-for profit organizations. Can you oftain a copy of the full text of these statements from this web site? Does the FASB charge for its statements, or are they provided free of charge?

2. Examine the Governmental Accounting Standards Board's Web site and prepare a brief report about its mission and structure and the representative organizations on its advisory council. Can you get a copy of the full text of a GASB statement from this site? If not, how would you obtain a copy of GASB statement no. 34? What is the cost to purchase a statement?

Solution Preview

Go to the Financial Accounting Standards Board's web site. LIst by number and name all FASB statements that specifically provide accounting and reporting guidance for not-for profit organizations. Can you oftain a copy of the full text of these statements from this web site? Does the FASB charge for its statements, or are they provided free of charge?

2. Examine the Governmental Accounting Standards Board's Web site and prepare a brief report about its mission and structure and the representative organizations on its advisory council. Can you get a copy of the full text of a GASB statement from this site? If not, how would you obtain a copy of GASB statement no. 34? What is the cost to purchase a statement?

1. Go to the FASB website at www.fasb.org. Click on Standards - Standards and Codification. Click on "browsing" under #1. It is the first word that is a hyperlink. It takes you to the codification page. Go down and click on the word industry. Number ...

Solution Summary

Go to the Financial Accounting Standards Board's web site. LIst by number and name all FASB statements that specifically provide accounting and reporting guidance for not-for profit organizations. Can you oftain a copy of the full text of these statements from this web site? Does the FASB charge for its statements, or are they provided free of charge?

2. Examine the Governmental Accounting Standards Board's Web site and prepare a brief report about its mission and structure and the representative organizations on its advisory council. Can you get a copy of the full text of a GASB statement from this site? If not, how would you obtain a copy of GASB statement no. 34? What is the cost to purchase a statement?

$2.19