The FASB publications are core tools of the accounting profession. As texts in the accounting classroom, they aim to offer an ideal way to solve unstructured problems, challenge students to think critically about the standard setting process, learn research skills, and become familiar with professional accounting tools. The first volume contains the Statement of Financial Accounting Standards issued by the Financial Accounting Standards Board from its inception in 1973 to June 1, 1997. Volume II, the companion volume, contains material issued by the AICPA or its committees through June 1973 and by the FASB to June 1, 1997.