Accounting Theory
Case Study 1
CASE 1‐7 The FASB
The FASB is the official body charged with issuing accounting standards.
Required:
a. Discuss the structure of the FASB.
b. How are the Financial Accounting Foundation members nominated?
Compose a two page, double-spaced, APA format (source citations and reference insertions) essay. Expand your recommendations as they are supposed to be the main, and most part of the second page of these. Please do not use Wikipedia as a source.
In your Case Study, you must use at least three (3) references including the textbook. (APA)
Book:
Schroeder, Richard G.; Clark, Myrtle W.; Cathey, Jack M.. Financial Accounting Theory and Analysis: Text and Cases, 12th Edition
(This is linked to Turnitin.)
Please use attached template(See cover letter attachment, and use as template)
Running head: SHORT TITLE OF PAPER (<= 50 characters) [title of paper] [student name] saint leo university [course/number] [instructor name] april 30, 2019 running head: short title of paper (50 characters or less)1 short title of paper (50 characters or less) 4 student signature: [type full name here] abstract (if needed) [replace] [according to the publication manual of the american psychological association (apa), “an abstract is a brief, comprehensive summary of the contents of the article; it allows readers to survey the contents of an article quickly and, like a title, it enables persons interested in the document to retrieve it from abstracting and indexing databases” (apa 2015, p. 25). the first line of the abstract is not indented. an abstract may range from 150 to 250 words (apa, 2015). because an abstract is not always required for student papers, adhere to your instructor’s requirements. click here to read about abstracts.] short title of paper (50 characters or less)5 please note that this is not simply a copy of the introduction section in your paper. rather, it is separately crafted and is a comprehensive summary of your paper. be sure to include citations as necessary in the abstract. [title of paper goes here (same as main title not bolded)] introduction goes here that addresses the structure of the paper, order, and introduces thesis statement. it is not a copy of the abstract, but rather a separately written introduction. apa level 1 heading apa level 2 heading (as necessary) place your text here; the text should be double-spaced with the first line indented, per saint leo university graduate studies in business style. the sixth edition of the apa manual advises two character spaces between sentences. you can find the style menu in microsoft word 2007 or 2010 by clicking on the home tab on the standard toolbar; styles is one of the choices you will see. click on the arrow icon on the right side of the styles bar, and the drop-down menu of styles will appear. in word 2003, look in the upper left corner of your screen, on the formatting toolbar, for the drop-down style menu. to apply this template’s formatting to the text of your paper, simply highlight the paragraph(s) or heading you want to format, and choose the appropriate tag from the style menu. the list of style tags includes all levels of headings, block quotes, table number and title, apa references, and body text. apa level 3 heading. text begins here. apa level 4 heading. text begins here. the following is an example of a block quote: this is an example of a block quote. note that there are no quotations marks around the quoted material because the block formatting indicates it is a direct quote. use block formatting for all quotes of 40 or more words. include the citation after the final punctuation for the quote, as shown. the author and year may precede the quote, with the page number(s) in parentheses after the final punctuation. there is no punctuation after the citation. (author, date, p. #) if you make a mistake and something changes that you did not want to change, in word 2007 or 2010, either type ctrl (control key) z or, on the quick access toolbar, next to save, click on the arrow icon for undo. in word 2003, go to edit, undo typing. [click here to read about how to format different levels of headings.] references hanging indent for all references. to keep this format, simply place the cursor at the front of this line and paste or type your reference material. then press enter. remember to organize your references alphabetically. remember to delete this line of text and any other template text before submitting your paper. [click here to read about formatting the references page.][click here to view a sample apa paper.] 50="" characters)="" [title="" of="" paper]="" [student="" name]="" saint="" leo="" university="" [course/number]="" [instructor="" name]="" april="" 30,="" 2019="" running="" head:="" short="" title="" of="" paper="" (50="" characters="" or="" less)="" 1="" short="" title="" of="" paper="" (50="" characters="" or="" less)="" 4="" student="" signature:="" [type="" full="" name="" here]="" abstract="" (if="" needed)="" [replace]="" [according="" to="" the="" publication="" manual="" of="" the="" american="" psychological="" association="" (apa),="" “an="" abstract="" is="" a="" brief,="" comprehensive="" summary="" of="" the="" contents="" of="" the="" article;="" it="" allows="" readers="" to="" survey="" the="" contents="" of="" an="" article="" quickly="" and,="" like="" a="" title,="" it="" enables="" persons="" interested="" in="" the="" document="" to="" retrieve="" it="" from="" abstracting="" and="" indexing="" databases”="" (apa="" 2015,="" p.="" 25).="" the="" first="" line="" of="" the="" abstract="" is="" not="" indented.="" an="" abstract="" may="" range="" from="" 150="" to="" 250="" words="" (apa,="" 2015).="" because="" an="" abstract="" is="" not="" always="" required="" for="" student="" papers,="" adhere="" to="" your="" instructor’s="" requirements.="" click="" here="" to="" read="" about="" abstracts.]="" short="" title="" of="" paper="" (50="" characters="" or="" less)="" 5="" please="" note="" that="" this="" is="" not="" simply="" a="" copy="" of="" the="" introduction="" section="" in="" your="" paper.="" rather,="" it="" is="" separately="" crafted="" and="" is="" a="" comprehensive="" summary="" of="" your="" paper.="" be="" sure="" to="" include="" citations="" as="" necessary="" in="" the="" abstract.="" [title="" of="" paper="" goes="" here="" (same="" as="" main="" title="" not="" bolded)]="" introduction="" goes="" here="" that="" addresses="" the="" structure="" of="" the="" paper,="" order,="" and="" introduces="" thesis="" statement.="" it="" is="" not="" a="" copy="" of="" the="" abstract,="" but="" rather="" a="" separately="" written="" introduction.="" apa="" level="" 1="" heading="" apa="" level="" 2="" heading="" (as="" necessary)="" place="" your="" text="" here;="" the="" text="" should="" be="" double-spaced="" with="" the="" first="" line="" indented,="" per="" saint="" leo="" university="" graduate="" studies="" in="" business="" style.="" the="" sixth="" edition="" of="" the="" apa="" manual="" advises="" two="" character="" spaces="" between="" sentences.="" you="" can="" find="" the="" style="" menu="" in="" microsoft="" word="" 2007="" or="" 2010="" by="" clicking="" on="" the="" home="" tab="" on="" the="" standard="" toolbar;="" styles="" is="" one="" of="" the="" choices="" you="" will="" see.="" click="" on="" the="" arrow="" icon="" on="" the="" right="" side="" of="" the="" styles="" bar,="" and="" the="" drop-down="" menu="" of="" styles="" will="" appear.="" in="" word="" 2003,="" look="" in="" the="" upper="" left="" corner="" of="" your="" screen,="" on="" the="" formatting="" toolbar,="" for="" the="" drop-down="" style="" menu.="" to="" apply="" this="" template’s="" formatting="" to="" the="" text="" of="" your="" paper,="" simply="" highlight="" the="" paragraph(s)="" or="" heading="" you="" want="" to="" format,="" and="" choose="" the="" appropriate="" tag="" from="" the="" style="" menu.="" the="" list="" of="" style="" tags="" includes="" all="" levels="" of="" headings,="" block="" quotes,="" table="" number="" and="" title,="" apa="" references,="" and="" body="" text.="" apa="" level="" 3="" heading.="" text="" begins="" here.="" apa="" level="" 4="" heading.="" text="" begins="" here.="" the="" following="" is="" an="" example="" of="" a="" block="" quote:="" this="" is="" an="" example="" of="" a="" block="" quote.="" note="" that="" there="" are="" no="" quotations="" marks="" around="" the="" quoted="" material="" because="" the="" block="" formatting="" indicates="" it="" is="" a="" direct="" quote.="" use="" block="" formatting="" for="" all="" quotes="" of="" 40="" or="" more="" words.="" include="" the="" citation="" after="" the="" final="" punctuation="" for="" the="" quote,="" as="" shown.="" the="" author="" and="" year="" may="" precede="" the="" quote,="" with="" the="" page="" number(s)="" in="" parentheses="" after="" the="" final="" punctuation.="" there="" is="" no="" punctuation="" after="" the="" citation.="" (author,="" date,="" p.="" #)="" if="" you="" make="" a="" mistake="" and="" something="" changes="" that="" you="" did="" not="" want="" to="" change,="" in="" word="" 2007="" or="" 2010,="" either="" type="" ctrl="" (control="" key)="" z="" or,="" on="" the="" quick="" access="" toolbar,="" next="" to="" save,="" click="" on="" the="" arrow="" icon="" for="" undo.="" in="" word="" 2003,="" go="" to="" edit,="" undo="" typing.="" [click="" here="" to="" read="" about="" how="" to="" format="" different="" levels="" of="" headings.]="" references="" hanging="" indent="" for="" all="" references.="" to="" keep="" this="" format,="" simply="" place="" the="" cursor="" at="" the="" front="" of="" this="" line="" and="" paste="" or="" type="" your="" reference="" material.="" then="" press="" enter.="" remember="" to="" organize="" your="" references="" alphabetically.="" remember="" to="" delete="" this="" line="" of="" text="" and="" any="" other="" template="" text="" before="" submitting="" your="" paper.="" [click="" here="" to="" read="" about="" formatting="" the="" references="" page.][click="" here="" to="" view="" a="" sample="" apa="">