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Article
International Accounting Convergence: A Writing Assignment
Advances in Accounting Education: Teaching and Curriculum Innovations (2012)
  • Stephanie Dehning Grimm
  • Drew Hoag
Abstract
ABSTRACT There is an ongoing discussion in the U.S. related to whether or not the U.S. should adopt International Financial Reporting Standards (IFRS). The Securities Exchange Commission (SEC) has released four proposals relating to the potential adoption of IFRS in the past five years. The Financial Accounting Standards Board (FASB) has responded to these SEC releases with comment letters. We share our experience with a writing assignment based on these comment letters. The assignment requires students to research the FASB’s website as well as the FASB’s comment letters responding to SEC releases relating to IFRS. Students then evaluate the benefits and costs of IFRS adoption in the U.S. The goals of the assignment are to introduce students to the history of accounting convergence and to allow students to critically assess the benefits and costs of U.S. adoption of IFRS. The assignment is suitable for international, intermediate and advanced accounting courses.
Keywords
  • Internaional Financial Reporting Standards,
  • Convergence
Disciplines
Publication Date
2012
Citation Information
Stephanie Dehning Grimm and Drew Hoag. "International Accounting Convergence: A Writing Assignment" Advances in Accounting Education: Teaching and Curriculum Innovations Vol. 13 (2012)
Available at: http://works.bepress.com/stephanie_grimm/3/