Susan Spilka
sspilka@wiley.com
Wiley
(201) 748-6147
Wiley and the Financial Accounting Standards Board (FASB) Announce Plan to Deliver Authoritative Accounting Literature Online
Hoboken, NJ, May 24, 2004 — The Financial Accounting Standards Board (FASB) and John Wiley & Sons, Inc., announce the continuation of their agreement for Wiley's Higher Education division to be the exclusive distributor of the FASB materials within the academic marketplace. The FASB produces several annual publications of professional accounting standards, including the flagship Financial Accounting Research System (FARS) CD-ROM, a searchable database of its authoritative accounting literature.
In addition to distributing all current FASB material, under the new agreement, Wiley will provide the academic community with efficient, easy and affordable Internet access to the rich database of FARS. This new online subscription-based service is called FARS Online. Wiley plans to launch a Web site that will serve as a gateway for users to this material. Student access to the FARS CD-ROM and FARS Online will be available at a greatly reduced price.
"The FASB is an organization recognized for setting the standards of financial accounting and reporting in the United States. Wiley is privileged to be the exclusive distributor of this important accounting literature to the higher education community," said Bonnie Lieberman, Senior Vice President & General Manager, Higher Education, John Wiley & Sons, Inc. "Through the launch of FARS Online Wiley continues to develop resources that add value for students and teachers," she added.
FARS Online will dramatically increase the accessibility of the FASB's materials for both instructors and students and will be available for fall 2004 classes through a registration code that can be purchased in six-month intervals for up to 18 months. Students will be able to subscribe to FARS Online directly through the Wiley web site.
About the Financial Accounting Standards Board
Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors and others rely on credible, transparent and comparable financial information. For more information about the FASB, visit the website at www.fasb.org.
About John Wiley & Sons, Inc.
Founded in 1807, John Wiley & Sons, Inc., provides must-have content and services to customers worldwide. Its core businesses include professional and consumer books and subscription services; encyclopedias, books, and online products and services; scientific, technical, and medical journals, and educational materials for undergraduate and graduate students and lifelong learners. Wiley has publishing, marketing, and distribution centers in the United States, Canada, Europe, Asia, and Australia. The company is listed on the New York Stock Exchange under the symbols JWa and JWb. Wiley’s Internet site can be accessed at www.wiley.com.
