FARS provides effective and efficient access to all the necessary accounting literature from the Financial Accounting Standards Board (FASB) and Emerging Issues Task Force (EITF). The Infobases contained in FARS are: Original Pronouncements, Current Text, EITF Abstracts, Implementation Guides and a Comprehensive Topical Index-with other topical resources such as that on Derivatives Instruments and Hedging Activities and the FARS Reference Guide. The first edition of Mastery of the Financial Accounting Research System (FARS) Through Cases by Wanda A. Wallace is the first casebook actually designed to support the use of FARS in the classroom. It is appropriate for undergraduate and graduate students: either as a required text or supplement to an exisiting one.
All the short exercises, intermediate level problems ('brain teasers') and actual cases have been designed to familarize students with existing accounting literature, help them solve real world problem scenarios, and become accustomed to using databases as a source of information. A FARS Primer provides instruction on using the database, and a section titled 'Resources Beyond FARS' explores other sources of potential information related to accounting literature and business analysis.
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Master the most important tool of your accounting career!
With Wanda A. Wallace's MASTERY OF THE FINANCIAL ACCOUNTING RESEARCH SYSTEM (FARS) THROUGH CASES, you'll learn how to use FARS effectively, so you can better understand generally accepted accounting principles, exercise judgment in their interpretation and application, and meet the challenges that will arise in your future accounting career!
This casebook helps you hone your analytical abilities, design effective search phrases using Boolean logic, and cope with contradictions and ever changing guidance in regulation and business practices. In addition, an extended five-part case introduces you to a number of resources beyond FARS, such as Web sites, legal cases, and public filings.
Wanda A. Wallace, Ph.D., CPA, CMA, CIA is the John N. Dalton Professor of Business Administration at the College of William and Mary in Williamsburg, Virginia. She received her Ph.D. from the University of Florida, with an Accounting Major Finance Minor, and Statistics research Skill. Professor Wallace has been a member of the faculty at the University of Rochester, Southern Methodist University (as the Marilyn R. and Leo F. Corrigan, Jr. Trustee Professor), and Texas A & M University (as the Deborah D. Shelton Systems Professor of Accounting) before joining the College of William and Mary. Dr. Wallace has been the Associate Dean for Academic Affairs at the School of Business, College of William and Mary.
Dr. Wallace has received the Wildman Gold Medal awarded to the most significant literary contribution to the advancement of public accounting over a three-year period by the American Accounting Association (AAA) and Deloitte. She has been awarded a Certificate of Dist5inguished Performance on the Certified Management Accounting Examination and the Highest Achievement Award (Gold Medal) on the international certified Internal Auditor Examination. Dr. Wallace was selected in 1998 to receive the Virginia Society of CPAs Outstanding Accounting Educator Award in recognition of excellence in classroom teaching and for active involvement in the accounting profession. She is extremely active in the academic profession, currently serving on the editorial board for nine national and/or international journals and in the past serving as AAA Vice President, an officer in the AAA's Auditing Section, Chair of the AAA's Government and Nonprofit section, a member of the Board of Regents of The Institute of Internal Auditors, and Visiting Distinguished Faculty member of the Doctoral Consortium, New Faculty Consortium and Senior Faculty Consortium of the AAA. Dr. Wallace has been a visiting scholar at a number of domestic and international universities, including The University of Manchester in England and the Norwegian School of Economics and Business Administration in Bergen, Norway.
Dr. Wallace joined the Financial Accounting Standards Advisory Council (FASAC) that advises the Financial Accounting Standards Board (FASB) in 1991 and served through 1995. At the invitation of Charles A. Bowsher, then Comptroller General of the United States, Dr. Wallace served on the Government Auditing Standards Advisory Council from 1991 through 1996. Dr. Wallace consults with national and international firms, ensuring up-to-date appreciation of current practice problems. Previous expert testimony has involved a number of areas including: statistical sampling; statistical analysis; surveys; research methods; auditing; market competition; modeling and econometrics; systems and control processes; accounting; finance and valuation; distribution systems; intellectual property; economics; and business operations. Dr. Wallace has authored over 40 books and monographs, and over 200 articles in such journals as the Harvard Business Review, European Management Journal, Accounting Review, Journal of Accounting research, Contemporary Accounting Research, CPA Journal, Government Finance Review, Financial Executive, Journal of Accounting, Auditing & Finance, Scandinavian Journal of Management, China Accounting and Finance Review, Accounting Today, and Wall Street Journal. In 1990, she was identified as he " Most Prolific Author in the Past decade (1979-88) in 24 academic accounting journals" ion the International Journal of Accounting.
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