Discussion 1A: GAAP and the Financial Accounting Standards Board (FASB)

Discuss in 250 words or more the importance of GAAP and the Financial Accounting Standards Board (FASB). Go to the FASB's website (http://www.fasb.org/) and review several of the pronouncements, publications and/or recent additions.

Select a topic and discuss it with the class, highlighting the date of the issue and why it is relevant.

(Post needs to be 250 words.)