Title: FASB Standards and the Importance of Time Value of Money in Financial Accounting Topic 1: The Process for Setting FASB Standards The Financial Accounting Standards Board (FASB) is the primary authority responsible for establishing and

Topic 1:
Research the process for how the FASB Standards were set. Do you agree or disagree with the way the US sets financial accounting standards. Be sure to note your sources and in-text citation in APA format including the complete website. Topic 2:
Using the FASB Codification as your source, search on the time value of money then identify one of the topics that discusses the use of time value of money. Assume your manager says that the time value of money concept is a waste of time for the topic you selected and to just book the entry. What would you do in this situation? Be sure to note the code section (ASC xxx-xx-xx-x) that you use. ********************************************************************
AT LEAST TWO REFERENCES PER TOPIC. TOPICS ARE SEPARATE
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