Regarding Statement of Financial Accounting Standards No. 151

1. Provide a description of the issue and an explanation of why it was an issue or why it was controversial
2. Provide Some background leading up to the final decision
3. A general description of FASB final decision to the issue and the rationale behind the final decision.
4. Discuss in what ways the final decision complies with the Conceptual Framework and/or in what ways it doesnt.