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.