School of Business Administration Welcomes FASB Member
- By Elizabeth Parent
The School of Business Administration is proud to welcome Dr. Thomas J. Linsmeier, a Financial Accounting Standards Board (FASB) member, on Monday, April 1, 2013.
Dr. Linsmeier will spend time with Master of Accountancy (MAcc) students, undergraduate accounting students, faculty and local business leaders.
“Accounting students spend many hours studying the financial accounting standards developed by the FASB,” said Professor Susan Hughes, director of the MAcc program. “The standard setting process is often long and complex. Mr. Linsmeier’s visit gives students, faculty and local business leaders an opportunity to hear from one of the individuals instrumental in the development of current standards. First hand, they can learn about the standard-setting process, how the Board works through the difficult decision making, and where Mr. Linsmeier believes U.S. accounting standards will head in the future.”
Dr. Linsmeier was appointed as a member of the Financial Accounting Standards Board in July 2006. He is an award-winning teacher and researcher with particular expertise in financial reporting for derivatives and risk-management activities and was formerly the Russell E. Palmer Endowed Professor and Chairperson of the Department of Accounting and Information Systems at Michigan State University.
Dr. Linsmeier has served as academic fellow and special consultant to the Office of the Chief Accountant at the U.S. Securities and Exchange Commission (SEC) where he was responsible for developing U.S. financial reporting disclosure rules relating the market risk inherent in derivatives and other financial instruments.
A reception and remarks featuring Dr. Linsmeier will be held on Monday, April 1 in Kalkin 110 from 4-6pm. RSVP- firstname.lastname@example.org.