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In fact, a 2007 conference hosted by the FASB and American Accounting Association underscored practitioners’ concerns about this gap. During a panel discussion on accounting education, several prominent participants – including representatives from the FASB, IASB, SEC, and Microsoft – harshly criticized the state of accounting education. Their central argument was accounting education has not kept pace with the dramatic changes in business practices and financial reporting during the past twenty years. The practitioners concluded that most of us are still teaching the same entries and concepts taught in the 1970s. As educators, we all give a great deal of our time to others and generally receive more in return in the form of student appreciation and satisfaction from making the world a better place. By making Navigating Accounting free, this is one more way we want to give to others. © 1991-2018 NavAcc LLC