Linsmeier new FASB board member.The Financial Accounting Foundation (FAF) Trustees appointed Thomas J. Linsmeier to the Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). (FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). ). Linsmeier is the Russell E. Palmer Endowed Professor and Chairman of the Department of Accounting and Information Systems at the Eli Broad College of Business The Eli Broad College of Business is the business college at Michigan State University. Eli Broad, an alumnus of Michigan State, endowed the college in 1991. The college has programs in accounting, general business - pre-law, finance, general management, human resource management, at Michigan State University Michigan State University, at East Lansing; land-grant and state supported; coeducational; chartered 1855. It opened in 1857 as Michigan Agricultural College, the first state agricultural college. . An award-winning teacher and researcher, he has particular expertise in financial reporting for derivatives and risk management. Linsmeier's term becomes effective on July 1, 2006, and runs through June 30, 2011. He succeeds Katherine Schipper, the current member, whose term expired on June 30. |
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