Access the FASB website by clicking on the FASB Codification Access on the Course Resources page and scroll down to the link, userid and password information.

Once you login, click the FASB Accounting Standards Codification link. Find and click the Pre-Codification Standards/FASB Pronouncements and EITF Abstracts link on the bottom left side of the landing page. Thoroughly read the last four standards issued.

Describe each standard and what it added to the existing authoritative accounting literature. Please write 1 page (12-point, double spaced) on each standard.

These are the last four standards:

Statement No. 168

TheFASB Accounting Standards Codificationand the Hierarchy of Generally Accepted Accounting Principlesa replacement of FASB Statement No. 162

Statement No. 167(Superseded)

Amendments to FASB Interpretation No. 46(R)

Statement No. 166

Accounting for Transfers of Financial Assetsan amendment of FASB Statement No. 140

Statement No. 165(Superseded)

Subsequent Events